You can set up Fixed assets to integrate with General ledger, Accounts payable, and Accounts receivable. You also can transfer items in inventory to Fixed assets to use internally.
General
ledger
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Any fixed asset transaction type can be posted in the form ( > ) or ( > ).
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Fixed asset budget transactions can be posted in > .
Accounts
payable
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Fixed asset transactions can be entered in the form, as well. You can click and enter fixed asset group information on the tab. To post an acquisition transaction for an existing fixed asset, specify the fixed asset number, value model, and transaction type, which all are necessary for fixed assets posting. To post an acquisition transaction for a new fixed asset, select the check box and select the fixed asset group to assign the new asset to. However, none of the fixed asset fields for a line are available if the item is in an inventory model group that uses a standard cost inventory model. Also, the options defined in the form determine whether you can post acquisition transactions from Accounts payable.
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When the Purchase order journal or the Inventory to fixed assets journal is used for fixed asset acquisition, the inventory value is affected. See examples in Set up fixed assets inventory items.
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In the journal form ( > > ) or ( > > ), on the tab, click to open the form. Select in the field and a fixed asset number as an offset account. On the tab, fill in and .
Accounts
receivable
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In the , enter external fixed asset disposals. On the tab, enter the fixed asset number and value model for the disposal transaction. In free text invoicing, the fixed asset transaction type is always .
Options for
entering fixed asset transaction types
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Note
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If a transaction is entered incorrectly, you can reverse it. For more information, see Reverse a transaction. |
