Triggering the Asset Reset Process

The Fixed Assets Management system tracks changes to asset fields used in the depreciation formula, or that affect the DHR data and summarization. When the reset process is triggered, the system deletes the forecast amounts for all affected records.

To ensure that the process runs smoothly, perform the following steps:

• Add the FAM Asset Reset Data permission to your custom role, and set the level to Create.

• Enable the Run Server Scripts on CSV Import preference in the FAM System Setup page.

The reset process is triggered in any of the following ways:

• Summarization — Any change to the summarization (Summarize by field in the System Setup page) automatically triggers the reset process and resets all asset records.

• Scheduled Script — The FAM Trigger Reset Process (Scheduled) SS script runs the reset process daily, if the system detects record changes that need a reset. You can manually run the script or change the time when it runs. For more information, see Managing Fixed Assets Scripts.

• Fixed Assets Transactions and Field Mapping — When you run certain FAM transactions or change the field mapping, the Asset Reset process is triggered. The following FAM transactions trigger the reset process:

  • Asset Split

  • Asset Depreciation

  • Asset Disposal (includes bulk disposal)

  • Generate Depreciation Schedule

  • Asset Revaluation

  • Depreciation Schedule Report

  • Asset Transfer (includes bulk transfer)

• Reset Asset Values in the System Setup Page — If the system detects record changes that need a reset, the Reset Asset Values button appears on the System Setup page. You can go to Fixed Assets > System Setup, and click the button to trigger the reset process.

  To see which fields trigger a reset when modified, Field Changes That Trigger an Asset Reset.

If an asset reset is triggered, you'll be redirected to the Process Status page, where you can track the asset reset status. For more information, see Asset Reset Process Stages.

General Notices