Assets & inventory
Asset status and lifecycle
Understand the implemented asset statuses and how assignment and return affect them.
What this does
Asset status describes availability and lifecycle; Condition separately describes the asset's physical state.
Steps
- Review the status shown in Asset Inventory or the lifecycle dashboard.
- A new asset is Available. Assigning it changes status to Assigned; transferring it keeps it Assigned to the new custodian.
- Returning it with a condition other than damaged or lost makes it Available. Returning it as damaged or lost makes it Repair.
Result
The implemented statuses are Available, Assigned, Repair, and Retired. The asset workspace shows Status as read-only; custody actions update it as described.
Related/Next guide: Return or unassign an asset.
Related articles
- Assign an asset to an employeeAdmin/HR: record custody by assigning an available asset to an active employee.
- Return or unassign an assetAdmin/HR: close an active assignment and record the asset's return condition.
- View asset custody historyAdmin/HR: review an asset's assignment, transfer, and return records.