Epicor ERP Epicor ERP Asset Management Transaction Hierarchy

Epicor ERP
Epicor ERP Asset Management

Transaction Hierarchy
10.1
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10.1
Revision: December 01, 2015 6:00 p.m.
Total pages: 12
sys.ditaval
Epicor ERP Asset Management Transaction Hierarchy
Contents
Contents
Asset Management Transaction Hierarchy...........................................................................4
Post
Post
Post
Post
Post
Additions..................................................................................................................................................4
Depreciation.............................................................................................................................................6
Disposals..................................................................................................................................................8
Impairments...........................................................................................................................................10
Revaluation............................................................................................................................................10
Epicor ERP | 10.1
Asset Management Transaction Hierarchy

This hierarchy is a summary of the standard posting rules available for the Fixed Asset GL transaction type.
Important This hierarchy assumes your company uses an unmodified version of the Standard posting
rules delivered with the Epicor application. If you use the Extended posting rules, or if you need information
regarding an asset management transaction that is not listed on this hierarchy, refer to the GL Transaction
Type Maintenance topic in the Application Help to review the posting rule operation details.
The following tables show the posting rules for the various functions of the Asset Posting Process.
Post Additions
Function
Rule
Debit
Credit
Post Additions
Note Asset
additions are created
in Asset Addition
Entry.
Post Addition Cost
Asset Cost Account
Asset Clearing Account
1. Asset Group GL Control

- Asset Group selected on
the Asset
1. Asset GL Control Company Config
IF: Asset Class is selected Then:

on the Asset
(Division Segment Only)
1. Division GL Control Asset Class selected on the
Asset
the Asset
Post Addition Grant
Amount
Grant Control Account
Grant Account

the Asset

the Asset

Then:
on the Asset
(Division Segment Only) (Division Segment Only)
1. Division GL Control 1. Division GL Control Asset Class selected on the Asset Class selected on the
Asset
Asset
Epicor ERP | 10.1
Function
Rule
Post Total and

Unrecognized Grant
Amounts
Debit
Credit

the Asset

the Asset
Grant Account
Unrecognized Grant
Account

the Asset

the Asset

Then:
on the Asset
Asset
the Asset
Epicor ERP | 10.1

Asset
the Asset
Post Depreciation
Function
Rule
Debit
Credit
Post Depreciations
Post Depreciation
Charge (If Book Amount
is positive)
Depreciation Charge
Account
IF: Asset Class is selected

on the Asset
Then:
Depreciation Provision
Account
1. Asset Group GL Control 1. Asset Group GL Control

- Asset Group selected on - Asset Group selected on
the Asset
the Asset
Then:

Asset
Asset
the Asset
the Asset
(Department Segment
Only)
(Department Segment
Only)
1. Department GL Control 1. Department GL Control

- Asset Class selected on - Asset Class selected on
the Asset
the Asset
the Asset
the Asset
Post Depreciation
Charge (If Book Amount
is negative)
Depreciation Provision
Account

on the Asset
Then:
Depreciation Charge
Account

the Asset
the Asset
Then:

Asset
Asset
the Asset
the Asset
(Department Segment
Only)
(Department Segment
Only)
Epicor ERP | 10.1
Function
Rule
Debit
Credit
1. Department GL Control 1. Department GL Control

- Asset Class selected on - Asset Class selected on
the Asset
the Asset
the Asset
the Asset
Post Addition
Depreciation
Provision Control
Account
Addition Provision
Account

the Asset
the Asset
on the Asset
Then:
Then:

Asset
Asset
the Asset
the Asset
Epicor ERP | 10.1
Post Disposals
Function
Rule
Debit
Credit
Post Disposals
Note Asset
disposals are created
in Asset Disposal
Entry.
Post Disposal Cost and

Depreciation Amounts
Disposal Provision

on the Asset
Then:
Disposal Cost Account

the Asset
the Asset
Then:

Asset
Asset
the Asset
the Asset
Post Disposal Profit

Amount (If Book Amount
1. Asset GL Control is > 0)
Company Config
Disposal Gain/Loss
Account

on the Asset
Then:
Then:

the Asset

Asset
Asset
the Asset
the Asset
(Department Segment
Only)
1. Department GL Control
- Asset Class selected on
the Asset
the Asset
Epicor ERP | 10.1
Function
Rule
Debit
Credit
Post Disposal Loss

Disposal Gain/Loss
Amount (If Book Amount
1. Asset Group GL Control 1. Asset GL Control is < 0)
- Asset Group selected on Company Config
the Asset
on the Asset
Then:
Then:

Asset
Asset
the Asset
the Asset
(Department Segment
Only)
1. Department GL Control
- Asset Class selected on
the Asset
the Asset
Epicor ERP | 10.1
Post Impairments
Function
Rule
Debit
Credit
Post Impairments
Note Asset
impairments are
created in Asset
Impairment Entry.
Post Impairment
Amount
Impairment Control
Account
Asset Cost Account

on the Asset
Then:
Then:

1. Asset Group GL Control - Asset Group selected on
- Asset Group selected on the Asset
the Asset

Asset
Asset
the Asset
the Asset
Post Revaluation
Function
Rule
Debit
Credit
Post Revaluations
Note Asset
revaluations are
created in Asset
Revaluation Entry.
Post Revaluation
Acc Depreciation
1.
Asset Cost

Asset Group GL
Control - Asset Group
the Asset
selected on the Asset
Gain/Loss
10
Epicor ERP | 10.1
Function
Rule
Debit
Credit

the Asset
Revaluation Surplus
1.

on the Asset
Asset Group GL
Control - Asset Group
selected on the Asset
Then:
Then:

Asset
Asset
Epicor ERP | 10.1
11
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What is the purpose of this document?

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What transaction types are covered in the Asset Management Transaction Hierarchy?

What transaction types are covered in the Asset Management Transaction Hierarchy?

Epicor ERP

Epicor ERP Asset Management

Epicor ERP Asset Management Transaction Hierarchy

Epicor ERP | 10.1

Asset Management Transaction Hierarchy

Epicor ERP Asset Management Transaction Hierarchy

Asset Management Transaction Hierarchy

Asset Cost Account

Asset Clearing Account

1. Asset Group GL Control

1. Asset GL Control Company Config

IF: Asset Class is selected Then:

Grant Control Account

1. Asset Group GL Control

1. Asset Group GL Control

IF: Asset Class is selected Then:

Epicor ERP | 10.1

Epicor ERP Asset Management Transaction Hierarchy

Asset Management Transaction Hierarchy

Post Total and

2. Asset Group GL Control

2. Asset Group GL Control

1. Asset Group GL Control

1. Asset Group GL Control

IF: Asset Class is selected Then:

Epicor ERP | 10.1

1. Division GL Control Asset Class selected on the

Asset Management Transaction Hierarchy

Epicor ERP Asset Management Transaction Hierarchy

IF: Asset Class is selected

1. Asset Group GL Control 1. Asset Group GL Control

(Division Segment Only) (Division Segment Only)

1. Department GL Control 1. Department GL Control

IF: Asset Class is selected

1. Asset Group GL Control 1. Asset Group GL Control

(Division Segment Only) (Division Segment Only)

Epicor ERP | 10.1

Epicor ERP Asset Management Transaction Hierarchy

Asset Management Transaction Hierarchy

1. Department GL Control 1. Department GL Control

1. Asset Group GL Control 1. Asset Group GL Control

(Division Segment Only) (Division Segment Only)

Epicor ERP | 10.1

Asset Management Transaction Hierarchy

Epicor ERP Asset Management Transaction Hierarchy

Post Disposal Cost and

IF: Asset Class is selected

Disposal Cost Account

1. Asset Group GL Control 1. Asset Group GL Control

(Division Segment Only) (Division Segment Only)

Post Disposal Profit

IF: Asset Class is selected

1. Asset Group GL Control

(Division Segment Only) (Division Segment Only)

Epicor ERP | 10.1