Fixed Asset GL Posting adding additional amounts to entry when adding new assets

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Posted on by Community Member Microsoft Employee

Hello,

Whenever I add a new asset in one of our companies, an additional amount is added in GL posting entry. This amount also carries over to the Financial Batch posting and is always to the same asset account (12000-00-00-00). What would be causing this to happen and what is the fix to prevent this from happening? Below is a screen shot of a new asset being added to the system for $1,500. The entry that was generated appears to be for the same asset that I added.

Thanks in advance for any advice.

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Community Member Microsoft Employee on at

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RE: Fixed Asset GL Posting adding additional amounts to entry when adding new assets

Hi Leslie,

I'm not sure what I did, but I think the problem I was having is fixed.

Thanks,

Christy
L Vail 65,271 on at

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RE: Fixed Asset GL Posting adding additional amounts to entry when adding new assets

HI,

Your screen shot did not appear. You need to use rich formatting and then insert the picture from a file. When you add a new 1,500 asset, whatever account you have set up if Fixed Assets as the Asset Cost will be debited. What account do you have set up as the Asset Cost?

Kind regards,

Leslie