Asset Management Annual Process

The purpose of this document is to guide you through the process of managing asset records and performing end-of-year procedures for Asset Management.

This document assumes you are familiar with the basic features of the ASCENDER Business system and have reviewed the ASCENDER Business Overview guide.

Some of the images and/or examples provided in this document are for informational purposes only and may not completely represent your LEA’s process.

Asset Management Summary Quick Checklist (prints separately) - This is a one-page quick checklist of the following steps.


Asset Record Maintenance (performed throughout the year)

Finance

Asset Management

CAUTION: Prior to initiating end-of-year procedures, use the Asset Management > Utilities > Export by File ID page to perform an export of all current year data. Do not proceed until a valid export of all current year data exists.

If at any point during the export process, you need to restart, be sure to log out and back into Finance; otherwise, you may receive an error when trying to export data.


Depreciation Calculations and EOY Reports

Asset Management


Prepare for New Year Processing

Asset Management

Verify that you are in file ID C before completing the following steps.

After completing the above steps, you are now ready to begin the new fiscal year for Asset Management.