New Lease [U0101]: Quick Add Asset

Quick Add Asset is an option of the New Lease update, which can be accessed through the main LeasePak Updates menu, New Lease option, or by entering U0101 into Fast Menu <F2>.

The Quick Add Asset option is used to take a pending asset, previously setup in the Application Asset tabs (part of Application Tracking [U08], a separately purchased module in LeasePak), and add it to inventory, usually in preparation for using Quick Book Lease. In order to use Quick Add Asset, the following requirements must be met:

• use of the Quick Book module, a separately purchased module in LeasePak;
• setup of a pending asset in Application;
• pending asset has all information needed to add it to inventory (Application Book Requirments are met).

Adding an asset to inventory automatically generates an Asset Summary and Asset Detail audit report, part of the New Lease Audit report group. The layout of the asset information in this report is identical to that found in the Asset Summary and Asset Detail sections of the Lease Inquiry report [R0905].

This screen is used to select Quick Add Asset from the New Lease options menu.

This screen is used to enter the number of the pending asset to be added to inventory.

• DEFAULT/PENDING ASSET
  Despite the name, only a number of a pending asset may be used.

This screen is used to indicate whether or not sub assets are to be entered for the pending asset.

• ASSET
  The number of the pending asset selected is displayed.

• INSURANCE ASSET (Y/N)
  Whether or not the asset is an insurance asset must be determined when the pending asset is setup in Application.

• MULTI ENTRY
  Entering Y, then clicking OK or pressing <Enter> accesses the sub asset entry screen. Entering N, then clicking OK or pressing <Enter> adds the pending asset to inventory.

Note: if there are no sub assets for this pending asset, this is the last screen of Quick Add Asset.

 

This screen is used to enter sub asset information for the pending asset, if Y was selected for MULTI ASSET on the previous screen.

• PART NUMBER
  Enter the Part Number for the asset, up to 25 characters. This field will allow the ability to write down the Salvage Value [U0128] for assets on operating leases by Part Number. LeasePak will track the total number of sub-assets entered under the same Part Number

• ITEM
  As many as 1500 items may be entered for an asset. The screen scrolls to allow more items.

• ID
  Enter serial number or any other alphanumeric identifier desired for each sub- asset. As many as 25 characters may be entered. ID must be unique for each sub-asset associated with a parent asset. IDs may be identical for sub-assets on different parents.

  After an asset is stored, its multiple sub-assets are sorted by alphanumeric ID. They may be viewed or changed on the Change Asset [U0120] update.

• ACQ COST
  Enter the cost of each sub-asset. To facilitate data entry, the cost for each item defaults to the cost entered for the previous item; it may be overridden as needed. As ACQ COST is entered, the first TOTAL at the bottom of the screen increases. That total is the acquisition cost which will be stored for the parent asset.

  Note: If the Multiple Banks module is purchased and the asset is an insurance asset, LeasePak will use the Acquisition Cost to hold the insurance premium.

• SAL %
  Enter the percentage of the acquisition cost which is the book salvage value (not tax salvage value). The sub-asset may be depreciated down to this percentage of its original cost for book purposes. Zero is accepted. To facilitate data entry, the percentage for each item defaults to the percentage entered for the previous item; it may be overridden as needed.
  
  
• SALVAGE VALUE
  If a SAL % was entered, LeasePak calculates that percentage of the acquisition cost and defaults that amount in SALVAGE VALUE. If no SAL % was entered, a dollar amount may be entered for SALVAGE VALUE and the percentage will default. Zero is accepted. As SALVAGE VALUE is entered, the second TOTAL at the bottom of the screen increases. That total is the book salvage value which will be stored for the parent asset.

Note: for pending assets with sub asset information, this is the last screen of Quick Add Asset.

© 2001 by McCue Systems Incorporated.
All rights reserved.

The information contained in this document is the property of McCue Systems, Inc. Use of the information contained herein is restricted. Conditions of use are subject to change without notice. McCue Systems, Inc. assumes no liability for any inaccuracy that may appear in this document; the contents of this document do not constitute a promise or warranty. The software described in this document is furnished under license and may be used or copied only in accordance with the terms of said license. Unauthorized use, alteration, or reproduction of this document without the written consent of McCue Systems, Inc. is prohibited.