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Asset Code Verification.

Former Member
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Dear All,

I have stuck into an issue and need a comprehensive response.

I work in an Educational Institute, where a lot of assets exists.

In an educational institute a chair is considered to be an asset.

If i order 300 chairs, i have to take asset code from my finance department.

My query over here is that do i have to issue 300 asset code or my work can be done with 1 asset code for 300 chairs.

When i receive 300 chairs, i want to keep them in my central store for the sake of issuance. At this point, do i have to make 300 reservations or only 1 reservation is required for issuance of 300 chairs.

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Answers (1)

Answers (1)

Active Contributor
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Usually furniture with low value "individually cheap " would capitalize but we group them in one asset no .. so i would recommend to make one asset no. for all 300 chair with Qty 300 if all has the same description..


Mahmoud El Nady