12.1.5 Process a New Acquisition in FABweb

Policy Statement

Before you can use FABweb you must set up security access.

Procedure

To process a new acquisition in FABweb:

1. Log on to FABweb.
2. Select "Process a New Acquisition for Banner Fixed Assets."
3. Select the asset.
4. Continue through the FABweb tabs.
5. The asset record is forwarded to University Property Accounting and Reporting (UPAR) who reviews and submits it to Banner. This generates property labels. If you do not receive your labels within 4 weeks, contact UPAR.
6. If the equipment is used in a self-supporting operation, complete and submit the Entity Code Change Request form.

If an enhancement or upgrade is being made to existing equipment, treat it as a new acquisition. Indicate the parent-child relationship when processing the new acquisition in FABweb.

Forms Used in this Procedure

Entity Code Change Request

Related Policies and Procedures

12.1.1 Obtain Access to FABweb
12.1.8 Add Donated, Found, and Other Non-Cash Addition Equipment to FABweb
12.1.2 Classify Equipment and Property

Additional Resources

Consult the entries for property and supplies in Definitions
Lesson 3 of FA 102: FABweb Additions and Updates Participant Guide

Last Updated: June 1, 2011 | Approved: Senior Associate Vice President for Business and Finance | Effective: June 2011