Mastering Asset Shift Allocation for Efficient Asset Management

Guides & Tutorials
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Introduction

Welcome to our guide on Asset Shift Allocation in Empress! This feature is a practical tool for businesses that have assets with shift depreciation enabled. It allows you to easily adjust the shifts of an asset for a specific period while automatically maintaining consistency in the total number of shifts.

Why Asset Shift Allocation Matters

In the world of business, assets depreciate. The Asset Shift Allocation feature allows you to manage the depreciation schedule of your assets effectively. Whether you need to adjust shifts for a specific period or ensure the total number of shifts remains consistent, this feature has you covered. It’s all about providing you with flexibility and control over your asset management.

How to Adjust Shifts

To make adjustments to the shifts, follow these easy steps:

  1. Navigate to the Asset Shift Allocation page.
  2. Enter the asset’s name and save your entry.
    • Empress will fetch the current depreciation schedule.
  3. Modify the shifts as needed.
    • For example, you can change the shift for a specific row to ‘Triple’.
  4. Save your changes.
    • Empress will automatically adjust the remaining rows to maintain the total number of shifts.

Take note that if you adjust a shift to ‘Double’, the shift in the last row will be adjusted to ‘Half’. This process ensures consistency in the total number of shifts.

Setting Your Depreciation Schedule

After you’ve made the necessary adjustments to your depreciation schedule:

  1. Click the submit button.
    • Empress will generate a new depreciation schedule for your asset based on the changes you made.

Conclusion

The Asset Shift Allocation feature in Empress is a valuable tool for managing your assets effectively. It offers the ability to adjust the depreciation schedule while ensuring the total number of shifts remains consistent. This feature allows for accurate and flexible asset management, helping your business operate smoothly and efficiently.

For more information or further assistance, don’t hesitate to reach out to our Empress support team. We’re here to help you make the most out of our platform!