What is the Asset Management (AM) module?
The PeopleSoft Financials Asset Management module integrates with e-Procurement, Accounts Payable, and General Ledger. The Asset Management module contains major equipment over $5,000 and other Fixed Assets.
Fixed Assets – items purchased or constructed with respect to buildings or land and have a useful life of greater than one year.
Major Equipment – A category within Fixed Assets. Includes movable items with an aggregate cost of $5,000 or greater, such as servers, office machines, research equipment, vehicles or furniture.
What is the benefit to the University?
- The Asset Management module provides an efficient and accurate way to track equipment and fixed assets.
- Asset Management increases the accuracy of the financial reporting of assets and depreciation.
- The module allows seamless data flow from e-Procurement and Accounts Payable to the Asset Management module.
Where can I find information?
More Asset Information can be found on the asset website at:
Reference Guides and information will be posted on the financial guide page at: