Record a Betterment

When your organization improves an existing asset, the system provides the ability to track that change by recording a "betterment" or additional component line under that existing asset. Examples include the purchase of a new external hard drive for an existing computer or the addition of a new lighting system to an existing building.

Betterments can be created with a generated shell or from the Transaction Catalog. Both use the Fixed Asset Acquisition (FA) transaction code. With either method the first step is to enter (or select) the existing Fixed Asset Number for the asset you are improving. Next, the Event Type of FA02 should be entered. Then a save or validate action will bring in all information about the asset. At this point entering the betterment is just like the Complete Shell task starting at Step 5 or like the Record Contributed Asset task starting at Step 3.