How to initiate Fixed Assets Automation for existing clients?

How to initiate Fixed Assets Automation for existing clients?

Fixed Asset Automation 

Assure AI now has automated the Tangible & Intangible Assets screen. The system now auto-populates Additions , Deletions and Depreciation for the Current year. 

However existing clients who have manually entered the values into the table and saved the data, need to follow a few steps so that the automation process can be initiated for the accounts for them as well. 

Please follow the below listed steps to initiate automation. 

1. When the user visits the Tangible & Intangible Assets screen for the time after the changes have been implemented in Assure AI for automation, the user will find the table with all the values previously input and saved.

Additionally the system prompts a message that automation has been enabled and the steps for the same can be followed by the user by clicking on the link.  

"A new automated solution for Fixed Asset computation is available now." Click here to learn how to use it

2. The hyperlink displays a pop-up with instructions to follow for initiating automation. 

3. As a first step to save the already input values , the user needs to download the table into excel. 

4. The user needs to resubmit ledger classification, which will trigger the fixed asset automation process . Once the mapping has been finalized, the user can visit the  Tangible & Intangible Assets screen and below screen will be displayed. 

The user should select the checkbox "Override Manual Changes" and click on the "Perform Asset Computation" button to initiate automation process.

5.  The below table will be displayed with Details for Addition, Deletion and Depreciation for the year computed by the system . 

6. As it is the first year of automation, the user needs to enter Opening Cost and Opening Depreciation manually and save to correct the difference. Once the difference are corrected and saved the yellow highlight will be removed.  

7. From the second year onwards the opening cost and opening depreciation will also be auto populated by the system along with other values.