Asset Issue

What is Asset Issue?

Asset issue screen is used to issue and return Asset for a given employee. It is also used to track the issue and manage/ensure returns of Asset items. In this module, asset's depreciation cost can be hit against any Project or Cost Center (Financial Center).

How to create Asset Issue?

To create Asset Issue, Select Asset Issue-> Create New. Enter the details in the form and click Add button. 

Note:

1. Add the Asset once you are issuing.

2. Only Assets whose Qty Available = 1, can only be issued. If Qty Available = 0, it means Asset is already allocated to other Cost Center or Project or Employee.

3. Here "Location" is the Inventory Location in which Asset was received (Purchased).

4. Based on "Issued ON" date, respective depreciation Amount will hit to Project or Cost Center. It will hit, till its returned or assigned to another project or FIN Cen.

5. Once an Asset is returned, you can open the same Asset Issue transaction, select Qty Returned = 1, Returned on Date, Status = Return.

6. To see which assets are issued against which Project or Cost Center, See Asset Management -> Asset Issue Item Details Report.