How_do_I_add/remove_retirement_indexes_

How do I add/remove retirement indexes?

 

A retirement index is an accounting index used to track the financial activity associated with retiring or disposing of an asset. It identifies the accounts used to record costs, adjustments, or transactions related to removing an asset from service. Retirement indexes help ensure asset retirements are recorded accurately for financial reporting, asset management, and audit purposes.

You would add or remove a retirement index to control how retired assets or completed asset-related costs are tracked and recorded. Adding a retirement index allows the organization to properly categorize and account for asset retirements, while removing outdated or unused indexes helps maintain accurate accounting structures. Maintaining retirement indexes supports accurate financial reporting, asset tracking, and year-end processing.

 

Create a new retirement index

1. Open Connect Project Accounting > Organization > Retirement Indexes.

2. Click New (CTRL+N).

3. Fill in the form.

4. Click Save (CTRL+S).

The retirement index is saved.

 

Change a retirement index

1. Open Connect Project Accounting > Organization > Retirement Indexes.

2. Use the Lookup bar to enter an index number. Press Enter.

3. Now, you can edit the record.

4. Click Save (CTRL+S).

The retirement index is updated.

 

Delete a retirement index

1. Open Connect Project Accounting > Organization > Retirement Indexes.

2. Use the Lookup bar to enter an index number. Press Enter.

3. Click Delete (CTRL+D). 

 

Options

Index number

The index number is a unique number that is assigned to each index.

What is the index number?

  • Use the Index Number field to enter a unique, whole number.

Description

A description is a word or phrase that describes the character or features of the record.

What is the description?

  • Use the Description field to enter a word or phrase (50 characters or less).

Date and cost index grid

This grid stores the cost associated with a specific date for an index.

How do I add an entry to the grid?  

First, click on the Date field in the grid to enter a MM/DD/YYYY, or use the Calendar button to select a date.


Next, click on the Cost Index field to enter an amount. A cost index is the average price for a given class of goods or services during a specific period. You can use the cost index to compare changes to the amount in the cost index over time.

How do I delete an entry?

Find the entry in the grid, then click the Delete button to remove it.


Lock/unlock restricted fields

Use Restricted Fields to unlock a locked field. A locked field is disabled, which means users cannot make changes to the field's contents without first unlocking the field. Clicking the Restricted Fields button again will lock an unlocked field.


How do I restrict fields?

You can select which fields to restrict on the entry screen. After the field information is entered, the field is locked and the information in the field is view only. Click Options (F12) and then click the Select button to choose which fields to include on the Restricted Fields list.


How do I lock/unlock restricted fields?

You can lock fields to prevent users from making changes to the field value. A locked field has a gray background. If you need to make changes to a locked field, you can click the Restricted Fields button to unlock the field contents. An unlocked field has a white background and you can edit it.

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