Understanding Activity Codes

Activity Code is an important field. Activity code indicates the activity status of an asset. The system automatically assigns activity codes during asset activity.

The activity status of an asset affects your ability to perform certain functions on the asset. It also affects how the asset appears in reports. For instance, after you dispose of an asset, the activity code of that asset changes from Active to Disposed. Once disposed, you cannot perform any asset functions on the asset. The asset appears on most reports indefinitely. Two exceptions to this rule are the Depreciation Expense report and the Adjusted Current Earnings report, where a disposed asset appears on the reports only until the end of the year in which it was disposed. On reports on which it does appear, the system flags the asset as disposed by placing a "D" in the Key Code column of the report.