When equipment is purchased that needs to be tagged/capitalized, the following process takes place:
- Accounting assigns the department, location, and type code to the asset.
- Accounting assigns a UNL identification number to the asset and creates a tag.
- An asset record is created in SAP and Accounting sets the value of the asset.
- The identification tag is sent with a memo containing the asset information to the department.
- The department reviews the information in the memo and returns it to Inventory.
- Inventory updates asset location information based on returned tag memo if needed.
- The department securely affixes the tag to the item in an accessible place.