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Suggested answer

fixed asset addition journal

Posted on by 1,531

Hi Friends,

We worked on fixed asset addition for first time, after created addition, how do you acquire it and create new journal for it?

we tried same step as acquiring fixed asset, it doesn't work same way.

Any help is greatly appreciated.

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: fixed asset addition journal

    Hello Ganriver, 

    You refer to the yellow highlighted functionality illustrated in the next screenprint, right?

    faadd2.png

    This feature is just there for information purposes. 

    Meaning, you can't get a journal filled or posted based on the information that you enter. 

    The acquisition process is the same as for any other fixed asset, either manual through a journal or semi-automatic through a purchase order. 

    Best regards, 

    Ludwig

  • Suggested answer
    Junaid Idrees Profile Picture
    Junaid Idrees 12,740 on at
    RE: fixed asset addition journal

    Hi Ganriver,

    If you want to acquire your "fixed assets addition" then do the following:

    1. First go to FA>Setup> Fixed asset parameters > check the column : acquire multiple acquisitions

    2. Create fixed asset journal and select acquisition type as "Acquisition" or you can use "Acquisitions Adjusment" >>This will add this Fixed Asset addition to the main asset.

  • André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 287,989 Super User on at
    RE: fixed asset addition journal

    Hi River,

    There are multiple ways to acquire fixed assets (via purchase orders or acquisition journal). Can you tell how you are acquiring it today? Then we can review if the same approach could be used for additions or if you need another procedure.

  • Ganriver1 Profile Picture
    Ganriver1 1,531 on at
    RE: fixed asset addition journal

    Hi Gunjan,

    This post is instruction to create FA, but, my question is after it's created, I did an addition for this FA, then, I can't figure out a way to acquire this addition, when I followed same step to acquire FA, it doesn't work.

  • Suggested answer
    Gunjan Bhattachayya Profile Picture
    Gunjan Bhattachayya 35,417 on at
    RE: fixed asset addition journal

    Hi River,

    Please check this post. It describes how to do fixed asset acquisitions.

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