Component Flags

Component flags are simple ways to toggle the expected requirements of a component group. Such flags include:

Conditioned:

The conditioned flag indicates if components assigned to the relative component group will typically require condition assessments to be conducted. Setting this flag to ‘off’ will mean that any assigned components do not contribute to any ‘missing condition’ counts or filters.

Depreciable:

The depreciable flag indicates if components assigned to the relative component group will typically require periodic depreciation charged against its carrying value. This can be useful for report generation as well as tracking the state of the organisations depreciation runs.

Carries value:

The carries value flag indicates if components assigned to the relative component group will typically be posted against in the financial transaction ledger. This would be set to ‘off’ for non-valued assets that are included for reference or other reasons.