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Fixed Asset Number Sequencing

Overview

A number sequence is a combination of alphanumeric characters and constants that are applied to generate a sequence. Number sequences are used to generate readable, unique identifiers for master data records and transaction records. A master data record or transaction record that requires an identifier is referred to as a reference. Number sequences are configured as default upon deployment of the environment, but changes can be made according to business requirements. GYDE365 advise configuring number sequences to generate automatically as this provides the most seamless and faultless experience.

Purpose

Number sequences are used to create readable, unique identifiers for master data records and transaction records. The number sequence can then be used by users to make reference to an individual transaction of data record.

Example

Business X are adopting a new ERP system and before entering any data they have configured their number sequence format for fixed asset accounts as follows:Asset Group: COMP (COMPUTER)

Constant: –

Alphanumeric: ######

Now, each time they add a new computer it will be assigned a reference following the sequence: COMP-000001, COMP-000002, COMP-000003.