Business Planning - Adding a Planned Asset

Note: We normally depreciate/amortize projects that are considered New Functionality that will cost more than 5,000.00

STEP 1: Click on Model Administration

Note: You can go to Model Admin directly from the landing page after logging in or from Actuals and Projections

STEP 2: Make sure you are in Elements (it should default here, but if not click Elements on the Treeview)

STEP 3: Click Items List next to IT-Asset

STEP 4: Click + to add a line

Note: The Numbering convention for the IT-Asset is: Year it is planned for + app phase code + numerical 01, 02 depending on how many assets you are adding for that application.

Note: The Naming convention for the description always starts with 'year then description ('24 CMiC Maint.)

STEP 5: Add the Asset #

STEP 6: Add the Item Description

STEP 7: Click Related Elements

STEP 8: Choose Calc Override

STEP 9: Choose Depr/Amort

Note: Calc Override: The choices here are deciding when you are going to start depreciating/amortizing as opposed to when you are writing the check. 0 Calc Same Quarter = Start depr/amort the same month that we write the check 1 Calc 1 Quarter Out – Start depr/amort one month from the date we write the check 2 Calc 2 Quarters Out = Start depr/amort 2 months from the date we write the check, Etc.