NEW FEATURE - Bulk Asset Processing - Tax Depreciation Code Update

NEW FEATURE - Bulk Asset Processing - Tax Depreciation Code Update

To address potential issues that could arise from attempting to update tax depreciation codes from the Global Equipment Update from Equipment Work Queues, we have developed a new tool to specifically handle this process.

Things to note:
 - Global Equipment Update (Global Equipment Export and Global Equipment Import icons) has been removed from the Equipment Level Work Queues menu bar.
 - There is a new menu option available ONLY when licensed for Global Equipment Update for 'Bulk Asset Processing'
 - In this new menu option, a single tab 'Tax Depreciation Codes' is now available.

The above tab allows you to search for assets using the parameters shown: Finance Company, and/or Tax Deprecation Code.
From the Search results grid, one or may assets may be selected and added to the Records to Process tab by clicking the 'Add to Processing' icon. 
The user also has the option to 'Add all to Processing' to add all assets in the Search Results grid. 
     Note:  The same functionality is available from the Records to Process grid to remove one, many or all records. 

Once the desired assets are populated into the Records to Process grid, an effective date and New Tax Depreciation Code should be selected and the user should then click Process. 
This will update the Tax Depreciation Codes for all assets in the Records to Process list as of the effective date selected. 

The Processed Records grid displays the results of processing the update. 
It will indicate for each record if the update was successful or if it failed; and if it failed it will provide an error message. 

From each tab, the Grid customizer icon is available to alter columns and filter further as well as export the list(s) to excel for auditing purposes.

The Effective Date is used for the ‘Effective Date for change’ option that is available in the regular UI.  This dictates when the re-calculation would occur for the tax deprecation 

    • Related Articles

    • Lease Asset Disposals

      Please see attached documentation for instructions on how to perform basic Lease Asset Disposals / Equipment Disposals. Instructions provided for the following basic tasks. Each example is walking through disposing of one Lease equipment record, ...
    • Bulk Processing of Payment Extensions

      See attached document for details. In response to the increased number of borrower payment deferment requests, LTi has developed an add-on utility that allows bulk modifying multiple contracts for payment extensions.
    • Canadian Luxury Tax in British Columbia

      See Attachment for detailed information The document will cover the following: 1. Create a Customer Account and build a location for each Variation of the British Columbia Luxury Tax 2. Then when building a contract that has the Luxury Tax ...
    • Bulk Pool ID Update

      Bulk Pool ID Update There are various situations in which updating the Pool ID will allow you to process updates in Bulk through the Tasks > Bulk Contract Processing function in ASPIRE. The Pool ID can be used to select the contracts for update. ...
    • How to build a new User in ASPIRE v5

      See Attachments for more information: 1. BASIC version of these instructions with screenshots. 2. DETAILED version of these instructions with explanation of all fields. BASICS: 1. Build a new Account 2. Fill out the Login screens for that user, which ...