Visma.net ERP
About fixed asset hierarchy
In Visma.net ERP, the fixed asset hierarchy is a group of relationships between parent and child
assets.
A fixed asset can have an unlimited number of child assets (also referred to
as components) and only one parent asset.
For example: Renovation of a unit
of equipment or a building represents an individual fixed asset that is a component
of the related equipment or building.
To build a fixed asset hierarchy, you should take into account what assets consist of
or make up, as well as how assets will be replaced at the end of their useful life.
The hierarchy is implemented on a provisional basis.
For example: Nothing will
happen with an asset's components if the parent asset is disposed of.
The asset hierarchy can be built for tangible assets only or for fixed
assets with a physical substance.
Intangible items are to be individually recorded
in the system.
Creating a hierarchy of fixed assets
In Visma.net ERP, you can use the following windows to organise the hierarchy of fixed assets: Fixed asset classes (FA201000), Fixed assets (FA303000), and Convert purchases to assets (FA504500).
In the Fixed asset classes (FA201000) window, you can specify a parent
class for a fixed asset class.
In the Fixed assets (FA303000) window, you can
select a Parent asset for the fixed asset in the top part.
If you do,
the current (child) asset and its details will appear on the Components tab
for the parent asset.
You can also organise the hierarchy of fixed assets as you convert purchased items
into fixed assets.
You can specify units of items that you want to convert as
components of selected assets on the Reconciliation tab of the Fixed assets (FA303000) window and in the Convert purchases to assets (FA504500) window.
Related concepts
About changes in fixed asset estimates
About fixed asset adjustment transactions
Fixed assets windows - overview
Related tasks
Change net book value of an asset
Change the salvage value of an asset
Change the useful life of an asset
Convert purchased items to components of a fixed asset
Delete an unreleased fixed asset transaction
Release a fixed asset transaction
Related windows
