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EM Asset Setup

EM Asset Setup creates depreciation schedules used by Process EM Depreciation. It supports equipment-costing and GL depreciation. It is not a complete tax depreciation system. Multiple asset codes are allowed per equipment item.

:::caution Equipment-costing / GL only Use EM Asset Setup for equipment cost and GL depreciation posting. Do not treat it as full tax depreciation for every jurisdiction. :::

Before you start​

  • Equipment records exist in EM Equipment.
  • Depreciation close mode and related defaults are set on EM Company Parameters.
  • Know purchase/residual values, useful life (months), method, and whether you need schedule overrides for existing assets.

Steps​

  1. Open EM Asset Setup.
  2. Select the equipment and enter an asset code (multiple assets per equipment are allowed).
  3. Enter purchase, residual, and sale values as applicable, plus country-specific date/month fields the form exposes.
  4. Choose the depreciation method:
    • Straight Line
    • Declining Balance (US / Canada)
    • Diminishing Value (Australia)
  5. Complete life, acceleration factor, and disposal fields when used.
  6. Set GL accounts as per-asset overrides where the form allows. Treat these as overrides when department or company defaults already cover posting; they are not always a hard required step on every asset.
  7. On the Schedule tab:
    • Override calculated amounts when finance needs a fixed schedule.
    • Enter to-date depreciation for assets that already have accumulated depreciation before Vista go-live.
  8. Save.
  9. Run Process EM Depreciation on the company close cycle after assets are ready.

Notes​