Recording New Equipment

When a department acquires a new fixed asset, the department's property contact records the required equipment attributes in Banner Fixed Asset by using FABweb.

It is extremely important that correct information is provided by the department at all stages of the acquisition process, beginning with the requisition. It is essential that departmental personnel communicate effectively to ensure requisitions are accurate; this helps ensure an accurate Banner equipment record throughout the purchase and life of the equipment.

The processes for recording new acquisitions are described in the FABweb training guide (PDF).

To login to the FABweb Application please use the menu on the right or go directly to FABweb Login.

Units must review and update following data elements:

  • Manufacturer's Name (required for items with cost of $5,000 or more)
  • Model Number (required for items with cost of $5,000 or more)
  • Serial Number (required for items with cost of $5,000 or more)
  • Part Number Vehicle Tag – i.e., Vehicle Fleet number
  • Description
  • Condition Code (see Types of Codes section)
  • Location Code (see Types of Codes section)
  • Master/Parent PTag # –This new acquisition will be linked as part of the master/parent asset
  • Commodity Code/Description (see Types of Codes section)
  • Entity Codes (see Types of Codes section) Entity Code Change Request form (MS Excel)

Policy Manual

Please see Section 12 Property Accounting of the Business and Financial Policies and Procedures manual for more information.

Training

It is recommended that individuals responsible for managing fixed assets complete the FABweb course.

 

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Last Updated: July 11, 2008