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FIN 15 - Fixed Assets Management – Need It?

FIN 15 - Fixed Assets Management – Need It?. Bob McAdam | Tribridge Moderator | CoName. Do you need FAM?!. The answer is, of course – YES! Why? Separate FAM calendar from Company one Multiple books (Internal, Taxes, AMT) Integrate transactions from PM, POP – or BOTH!

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FIN 15 - Fixed Assets Management – Need It?

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  1. FIN 15 - Fixed Assets Management – Need It? Bob McAdam | Tribridge Moderator | CoName

  2. Do you need FAM?! • The answer is, of course – YES! Why? • Separate FAM calendar from Company one • Multiple books (Internal, Taxes, AMT) • Integrate transactions from PM, POP – or BOTH! • Easy subledger integration to your G/L • Assign Locations and/or Custodians to an asset • Project depreciation before actual posting • Works with SmartList out-of-the-box • Comes with its own Import/Export Utility

  3. Do you need FAM?! • Things you should be aware of... • FAM subledger has its own Y/E Close process • Unforgiving when it comes to historical data @ Y/E • New year assets cannot be processed until Y/E run • Reset Life vs. Reset Year vs. Recalculate • Reset Life = Recalcdepr from date placed in service to date asset has already been depreciated to. • Reset Year = Recalcdepr from beginning of year to date asset has already been depreciated to. • Recalculate = new calc going forward; no past AJEs • GP 2010 depr ‘hangs’ issue http://bit.ly/tWz9PV

  4. Thanks for joining us! • Please fill out your evaluation • CPE credit is available for GPUG Summit 2011 • Follow-up questions? • bob.mcadam@tribridge.com • See you in Houston at Convergence 2012 next March • See you in Seattle for Summit 2012 • Browse out to www.gpug.com for more information

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