Capital Planning

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Capital Planning

3 Minutes to read

Print
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Overview

The Planful Capital Planning feature enables users to create budgets and forecasts for capital expenditures by adding and categorizing assets and creating finance modes with time sets.

Asset Setup

Asset setup has three different types to cater to your capital expenditure:

Asset Categories
Asset
Finance Mode

Learn more about Capital Planning here.

Functionalities

Here are the functionalities available on the Capital Planning page. Click each tab to find more details.

The asset categories should be created before creating assets, for tracking and accounting purposes. On the asset category page, you can perform the following actions:

Adding Asset Categories

Go to Maintenance > Capital > Asset Setup and select the Asset Categories tab.
Click the + icon.
Enter a unique Asset Category Code and a descriptive Asset Category Name.
Input the average Asset Life (in Months).
Click Save.

Learn more about adding asset categories here.

Edit

You can modify the information of an asset category that already exists by clicking the edit icon.

Delete

You can remove an asset category from the list by clicking the delete icon.

Copy

You can easily copy an existing asset category details by clicking the copy icon.

In the Asset Categories section, click the copy icon.
Enter the Asset Category Code and Asset Category Name.
Click Copy.

Apply Filter

You can apply a filter to view any specific data.

Export to Excel

You can download the asset category file by clicking the export icon.

Print

You can easily print the asset category list by clicking the print icon.

On the asset page, you can perform the following actions:

Adding Asset

Go to Maintenance > Capital > Asset and select the Asset tab.
Click the + icon.
Enter a unique Asset Code and a descriptive Asset Name.
Select a Category from the dropdown list.
Input the average Asset Life (in Months).
Select Status either Active or Inactive.
You can enable end-users to override the useful life of an asset during budget input by selecting the Allow Life overriding by end user checkbox.
Click Save.

Learn more about adding assets here.

Edit

You can modify the information of an asset that already exists by clicking the edit icon.

Delete

You can remove an asset from the list by clicking the delete icon.

Copy

You can easily copy existing asset details by clicking the copy icon.

In the Asset section, click the copy icon.
Enter the Asset Code and Asset Name.
Click Copy.

Report

You can click the Report icon to view all templates associated with the asset.

Learn more about the report

Apply Filter

You can apply a filter to view any specific data.

Export to Excel

You can download the asset file by clicking the export icon.

Print

You can easily print the asset list by clicking the print icon.

The Finance Mode allows for the purchase of assets through various options such as credit, cash, or loans. You can set up finance modes for different asset categories. For each asset category, establish capital costing items. Each finance mode you create can be utilized to allocate budgets for different assets within a selected category.

Go to Maintenance > Capital > Asset Setup and select the Finance Modetab.
Click the + icon.
Enter a unique Asset Code and a descriptive Asset Name.
Select an asset category from the Unmapped Asset category(s) and click the forward arrow to map it. Alternatively, you can also unmap asset categories by selecting one in the Mapped Asset category(s) pane and clicking the back arrow.
Click Save.