Step 1: Manage Property Types

Set up required property types on the Manage Property Types screen.

Property types are user-designated property categories, such as personal, real, government, and so on, that are assigned to each asset record. The Property Type field is a system-required validated entry on the Manage Asset Master Information screen (or the Manage Asset Description Information screen) and the Manage Asset Template Information screen. Property Type is also validated on the Manage Autocreation Transactions screen, although it is not required to save changes to records. However, a valid Property Type must exist on an autocreation record before that record can be processed into a Fixed Asset.

The only data from which to choose for entry in the Asset Master and Asset Template Property Type fields are validated property type codes from the Manage Property Types screen.