Hello there!
Can we maintain an asset in both fixed asset and inventory?
Thanks
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Hello there!
Can we maintain an asset in both fixed asset and inventory?
Thanks
Hi josh ,
Thanks for replying.
Let's say we are not considering financial aspects and I am integrating depreciation book with G/L then how would I add asset to both the cards (Item card/FA card)?
In general yes. The financial aspect needs to be considered though. If the depreciation book the FA is part of is integrated to the g/l then the inventory representation should be zero. You want to avoid having a double up on the balance sheet. If you don’t integrate the depreciation book with the g/l then of course the inventory representation needs a value.
When it comes to selling you would have a similar set of considerations. Managed correctly this can work but seeing the relationship may result in some modifications to aid users
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