In this chapter, we will cover:
Assets used in an organization need to be maintained and accounted for. Assets can be loaded from payables, projects, or from spreadsheets using Web Application Desktop Integrator (ADI). In this chapter, we will look at how to maintain assets by adding, adjusting, transferring, depreciating, and retiring assets. We will also review asset accounting transactions. Let's start by looking at the asset management process.
The following diagram summarizes the asset management process: