Revision [1951]

Last edited on 2010-12-20 21:10:23 by PhilDaintree
Additions:
The fixed asset module (asset manager) was entierly re-written on the basis described below in Nov/Dec 2010
A fixed asset module has been committed in the webERP svn repository for some time 1st released in Version 4 RC1. However, I recently tried to use it (Oct 2010) and found:
(This has not been implemented as of Dec 2010)
(Not implemented as at Dec '10)
(Implemented Dec 2010)
Purchase orders currently allow for nominal purchase order items that specify the GL account. If the GL account is to a fixed asset cost account then bring up the new fixed asset or addition to existing fixed asset form.... (this is implemented as of Dec 2010)
(Implemented Dec 2010 - as a new table fixedassettrans - the fixed asset register must be run over a range and disposals are recorded and depreciation over the specified period)
As at Dec 2010 - Disposals can also be entered through a normal sales order to a selected customer - instead of selecting a stock item to sell there is an option to select a fixed asset.
Deletions:
A fixed asset module has been committed in the webERP svn repository for some time. However, I recently tried to use it and found:
Purchase orders currently allow for nominal purchase order items that specify the GL account. If the GL account is to a fixed asset cost account then bring up the new fixed asset or addition to existing fixed asset form....


Revision [1931]

Edited on 2010-11-17 22:20:24 by PhilDaintree
Additions:
~- I could not add assets (there was a small issue with not having a code input control)
Other reasons for separating the fixed assets from stock include:
~- The stockmaster has a whole lot of redundant fields that are not used by the fixed assets module - e.g. decimalplaces, controlled, serialised, mbflag, NextSerialNo, kgs, volume, etc etc....
~- The fixed assets data requires a depreciation method and depreciation rate for every asset it makes sense for this to be in the same table without abstraction to a property.
~- Stock locations are created for each fixed asset - unecessarily as fixed assets have their own locations which should not be restricted to just warehouses.
I could think of many more but I think it clear that there are many many reasons why the logic of stock over complicates things from a simple fixed asset register.
====Fixed Asset Integration Points====
I can't see where fixed asset transactions such a depreciation, additions and disposal might be logged in one place currently - I think this would be a useful and necessary facility if we are interested in any retrospective reporting i.e. what the NBV was at the end of last year. What additions were for the 3 months, 6 months etc.
Deletions:
~- I could not add assets
====Fixed Asset Integration Points ====


Revision [1930]

Edited on 2010-11-15 20:57:39 by PhilDaintree
Additions:
In some respects I can see the logic of doing this, but the accountant in me cannot accept the mixing of fixed assets and stock in this way. I would prefer to have separate tables for assets rather than further complicate every stock script. The KISS principle has been ignored in this implementation of fixed assets.
====Fixed Asset Integration Points ====
- Invoice entry for new assets or additions to existing assets
- Purchase order entry for new assets or additions to existing assets
- Depreciation charges to be journalled to GL
- Disposal of fixed assets through sales order entry. Disposal GL entries to go to profit and loss on disposal.

One way to separate the fixed assets currently in the stock tables is to allow transfers between fixed assets and stocks and do the necessary accounting. Disposal at current NBV and inclusion in stock at NBV cost value.
Similarly, manufactured items can be capitalised by transferring to either an existing asset or creating a new asset.
When assets are sold they can be transferred from fixed assets to stock items and when manufactured items are capitalised as fixed assets, stock items can be transferred to fixed assets.
Are there any other drivers for having fixed assets included inside the stockmaster that I am not seeing??
If we do this then how to deal with assets purchased via a purchase order - purchase as a stock item for transfer to fixed assets?
Purchase orders currently allow for nominal purchase order items that specify the GL account. If the GL account is to a fixed asset cost account then bring up the new fixed asset or addition to existing fixed asset form....
A fixed asset transaction log is required recording, additions, disposals, transfers between categories (that would cause GL transactions) and locations - no journals (or do we need to allow for different GL postings based on location and fixed asset category??)
Deletions:
In some respects I can see the logic of doing this, but the accountant in me cannot accept the mixing of fixed assets and stock in this way. I would prefer to have separate tables for assets rather than further complicate every stock script. The KISS principle has been ignored in this implementation of fixed assets and it does not work and appears to be abandoned.
When assets are sold they can be transferred from fixed assets to stock items and when manufactured items are capitalised as fixed assets, stock items can be transferred to fixed assets. Are there any other drivers for having fixed assets included inside the stockmaster that I am not seeing??
I think this can be simplified and distilled into a much simpler and working system.


Revision [1929]

Edited on 2010-11-13 23:17:33 by PhilDaintree
Additions:
~- I could not add assets
~- The accumulated depreciation journal posted to cost of the asset
~- Assets are included in the stockmaster and in many places are visible as stock??
~- The asset register does not show assets added
~- The depreciation rate and method are implemented as stock category properties
~- A fixed asset (stock item) purchased in a foreign currency does not come through at the correct local cost.
Deletions:
-~ I could not add assets
-~ The accumulated depreciation journal posted to cost of the asset
-~ Assets are included in the stockmaster and in many places are visible as stock??
-~ The asset register does not show assets added
-~ The depreciation rate and method are implemented as stock category properties
-~ A fixed asset (stock item) purchased in a foreign currency does not come through at the correct local cost.


Revision [1928]

The oldest known version of this page was created on 2010-11-13 23:16:28 by PhilDaintree
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