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Hello there!
Can we maintain an asset in both fixed asset and inventory?
Thanks
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
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)?
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