An approval process lets CAPEX items be managed and controlled by status with the approved CAPEX lines ultimately resulting in the creation of WIP jobs for manufactured items or requisitions or purchase orders for bought-out items. According to Syspro, “On receipt of these items, a new asset is created in a suspended status, and the appropriate person(s) is notified to validate the information.” A variety of depreciation methods, basis and date conventions are also now fully available, as well as a streamlined facility to process depreciation adjustments.