what are flexfields in Asset?

Answer Posted / tgs100

Few additional Info...
1. Category FF - This is one of the important flexfield is Assets as category-Asset book combination is used to define the accounting information.
2. Location FF - Location flexfield is used to capture the physical location of the assets
3. Asset Key FF - Asset Key flexfield is used to store the general information. As it is a mandatory FF, we need to define one segment with a default value, if it is not used by the deploying company.

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