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Master Data Creation
Create and manage all the data required for your transactions and activities.
Fixed Assets
Fixed assets are referenced as objects in IFS Cloud. The company follows them along their useful life in order to manage: acquisition, adjustments, depreciation, scrap, sales.
Scrapping a Fixed Asset from a Company
Remove a fixed asset from the active list of the company by scrapping it, for reasons such as the object being broken, obsolete,…

Master Data Creation
Create and manage all the data required for your transactions and activities.
- Customer
  Create and update customer(s).
- Supplier
  Create and update supplier(s).
- Parts
  Create and manage parts.
- Fixed Assets
  Fixed assets are referenced as objects in IFS Cloud. The company follows them along their useful life in order to manage: acquisition, adjustments, depreciation, scrap, sales.
  - Creating a Fixed Asset
    You need to create a fixed asset as an object.
  - Creating a Purchase Order Using a Purchase Group
    If you are not used to accounting tasks and need to do a purchase order for an item, you need to use what is called a purchase group, that correspond to the type of item that you need to order.
  - Acquiring a Fixed Asset with the Manual Supplier Invoice
    Create a fixed asset after a purchase order and from an invoice received from a supplier.
  - Activating the Fixed Asset
    After the acquisition of a fixed asset, you need to activate it.
  - Scrapping a Fixed Asset from a Company
    Remove a fixed asset from the active list of the company by scrapping it, for reasons such as the object being broken, obsolete,…
  - Consulting Fixed Asset Report
    Use this report to have an overview of your fixed assets and their characteristics.

Scrapping a Fixed Asset from a Company

Remove a fixed asset from the active list of the company by scrapping it, for reasons such as the object being broken, obsolete,…

Note:

This process impacts both your fixed assets and values in accounting.

Go to Fixed Assets > Fixed Asset Objects.
Click the three dots on the line of the item you want to scrap, and click Object Functions > Scrap Object.
In the Scrap Object dialog, enter the scrap date and confirm the voucher date. Click OK.