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Finance | Project Operations, Human Resources, ...
Suggested answer

Fixed Asset purchase button

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Posted on by 30

I entered a journal entry to record a payable for a laptop and posted it. I set up the asset but there is not a purchase button on the screen. 

What step did I miss?

Is there another way to make sure it is included in my monthly depreciation amount?

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  • VxnStrm Profile Picture
    30 on at
    RE: Fixed Asset purchase button

    Thank you..

  • Suggested answer
    Hokuminaria Profile Picture
    2,950 on at
    RE: Fixed Asset purchase button

    Hey VxnStrm,

    The purchase button becomes available when you use your Fixed Assets Purchase Account (Which you need to setup in FA) is not assigned to the Purchase Transaction Purch Distribution before it was posted.

    1. Setup the Account you want to use for your Fixed Assets Purchasing Account.
      1. Financial >> Setup >> Fixed Assets >> Purchasing Posting Accounts
    2. Create your Purchase Transaction and change the PURCH Distribution to use the account from above.

      pastedimage1660944500662v1.png

    3. Post the transaction.
      1. The purchase button should be available now in the Fixed Assets General Window.

    If this was not done, you can void the Payables Transaction you created and recreate it using the correct account for the PURCH distribution.

    I hope this helps!

    Thank you!

    Brandon | Microsoft Support Engineer

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