Fixed asset workflow
This section describes the metaphases and subordinate phases in the life cycle of a fixed asset.
The fixed asset workflow relies on business rules. Rules repeat from one phase to another when the end user can make a change to a field affected by a business rule during that phase.
Metaphase: Draft
The fixed asset is in draft phases, prior to reconciliation.
| Phase | Transition | Description |
|---|---|---|
| Not reconciled | Manual |
The starting point for fixed asset, when the contract is drawn up. The result of the phase is the successful creation of a contract. When the fixed asset is reconciled, or partially reconciled, the Financial Manager can manually transition the fixed asset to the relevant active phase. Next phase: Partially reconciled or Reconciled |
Metaphase: Active
The fixed asset is effective and in execution stages.
| Phase | Transition | Description |
|---|---|---|
| Partially reconciled | Manual |
The fixed asset is still being reconciled. When it is reconciled, the Financial Manager manually transitions the fixed asset to the Reconciled phase. Next phase: Reconciled |
| Reconciled | Manual |
The fixed asset is reconciled. When the fixed asset has reached end of life, the Financial Manager manually writes the fixed asset off. Next phase: Write-off |
Metaphase: Ended (End)
The fixed asset's life cycle has ended.
| Phase | Transition | Description |
|---|---|---|
| Write-off | None |
The fixed asset has been written off. Next phase: None |
