Page 1 - How do I Enter a Leased Asset with Warranty/Maintenance Contract

Leased Assets and Maintenance Contracts

How do I Enter a Leased Asset with Warranty/Maintenance Contract?

Overview

Leased assets and their associated warranty/maintenance contracts (if applicable) are linked through a
parent/child asset relationship. This allows warranty/maintenance contracts for leased assets to be identified
and terminated should a leased asset be disposed prior to the end of the warranty/maintenance contract. The
warranty/maintenance contract is assigned the Parent role and the leased asset is assigned the Child role.

Navigation

Navigator > Asset Management > Asset Transactions > Leased Assets > Express Add

Adding a New Leased Asset

1. Enter the asset Business Unit.
 Compass Asset Business Units begin with AM.
Example: University Assets Business Unit = AMUNV
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The Asset Identification defaults to NEXT, do not change.

2 2. Click the Add button.

The Lease Asset entry page displays.

The Definition tab opens by default. There are three sections within this tab.
The first section contains general information about the asset lease.

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1. Click the Profile ID Look up icon and select a value matching your lease. There are many predefined
lease term options for your selection.
2. Enter a Description of the leased asset.

3. Select an Asset Type from the list provided.

4. Enter the Serial ID if available. This will assist with identifying assets.

5. Enter a Location where the leased asset resides. Use the Look up icon to search by location code or
description.
6. Enter an In Service (transaction) Trans Date.

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Emory Confidential and Proprietary Last Revised on 2/7/2018 Return to Table of Contents