Staff can process
...
financial documentation (eDocs) through Kuali
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Financials (KFS).
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On the General Ledger Transfer (GLT) and other financial processing eDocs, when a Capital Equipment object code is used in the accounting lines, the user must either enter a the user must either enter a capital asset number , or create an or create an asset.
Three sections are related to capital asset information:
Accounting Lines for
CapitalizationCapitalization
Create Capital
AssetsAssets
Modify Capital Assets
Completing the Capitalization Sections
To complete the Capitalization sections,
Enter a capital object code in
the ‘the Accounting Lines
’ at theat the top portion of
the eDoc.the eDoc.
Verify that your accounting lines are complete and accurate.
Click on
the Generate button that appears in thethe Generate button that appears in the Accounting Lines for Capitalization section.
The next screen will
resemble the image below.look like this.
Each accounting line from the top section that has a capital object code (i.e., 8202, 8215) will populate as an accounting line for Capitalization. From here, you
have the option to either (1) applycan:
Apply each line individually to
one asset.
Apply each line individually
to multiple assets.
Create new assets.
For more
...
detailed instructions,
...
review the Modifying One Asset, Modifying Multiple Assets,
...
and Creating an Asset sections below.
...
Modifying One Asset
In this example, a GLT is applicable to one asset record, moving the payment from one account/object code to another. Both the “From” From and the “To” To sides of the entry are related to the same asset, and the asset record already exists in KFS.
| Note | ||
|---|---|---|
| ||
| In In this section of the eDoc, the ‘From’the eDoc, the From side is listed asas Line Type “Source” and the ‘To’ side: Source, and the To side is listed as Line type “Target”. |
...
Type: Target. |
Select both checkboxes on the right.
Click onModify Asset.
Doing so will open the ‘Modify Capital Assets’ section.
Click on Modify Asset to open the Modify Capital Assets section.
Add the asset number
. To do so, you can either typeby typing it in
,or
searchsearching for it with the lookup tool.
Click theClick Redistribute Total Amount
buttonNote title Note to distribute all line items to the specified assets.
This is fine, because the amounts that actually go through
Note: The amount distributed will appear as though the amount is doubled, as shown in the image below. In this example, the amount of expense being moved from one account to another account is $22,716.66. The total amount distributed will be $45,433.32.This is normal; the amounts that actually go through the account and the asset record will still be -$22,716.66 and +$22,716.66.
Once the total amount is allocated to an asset, the capitalization sections are complete.
Modifying Multiple Assets
In the example below, a GLT is moving expenses from one account to another relating to two separate assets. You can enter the asset information for both assets in the GLT and specify which amounts apply to each one.
In the image below,
- Line
Line 1 applies
to Assetto Asset #672922.
Line Line 2 applies
to Assetto Asset #662821 (
the asset numbers wereentered in the Org Ref ID fields on the TO side).
The accounting lines will translate from the top portion of the eDoc to the capitalization section once generated.
| Note |
|---|
...
Take |
...
note of the Seq # on the left; this is the line number from the accounting lines above. |
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To add multiple assets,
Select both checkboxes on the right for the first asset.
Click on Modify AssetClick on Modify Asset.
- Enter or look up
Enter or look up the asset number.
Click on Redistribute Total Amount.
Click on Redistribute Total Amount.
After applying the selected lines to the first asset, the Accounting Lines for Capitalization section will update. The lines that have been applied to the asset are now greyed out.
ThisThis leaves the remaining two accounting lines to be applied.
Select the checkboxes for the two remaining accounting lines.
RepeatRepeat Steps 1-4.
Creating an Asset
In this example, a document incorrectly coded something to non-capital equipment when it should have equipment when it should have been coded to capital to capital equipment. A GLT would be used to correct the accounting lines by moving lines by moving the amount from object code 8306 to 8215. 
To create an asset,
Click Generate in the Accounting lines
for the Capitalizationfor the Capitalization section.
Select the checkbox for the accounting line.
Click on Create
asset. Doing so will expand the ‘Create Capital Assets’ sectionAsset to expand the Create Capital Assets section in the document.
- For the ‘Create Capital Assets’ section, complete
Complete the following fields. Some fields will allow you to type data directly in the boxes, while others will prompt you to use the lookup tool.
- Asset Quantity
- Asset Type
- Vendor Name
- Manufacturer
- Model
- Asset Description Click the Redistribute Total Amount button to
Asset Quantity
Asset Type
Vendor Name
Manufacturer
Model
Asset Description
Click the Redistribute Total Amount button to distribute the dollar amount from the accounting line to the asset.
Click on the Add Tag/Location button under the ‘Actions’Click on the Add Tag/Location button under the Actions section on the right.
In this section, only the
‘Campus Code
’, ‘Building Code’ and ‘Room Number’ fields are required. In most cases (as in this example), Building Code, and Room Number fields are required. In most cases, the asset will most likely
not havenot have a tag number yet.
HoweverHowever,
ifif a serial number is accessible,
enter it hereenter it here, as well.
Once this section is complete, the Capital Asset section of the document will document will also be complete and ready for submissioncomplete and ready for submission.
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