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Hi,
Scenario:
Procurement to Fixed Asset integration is turned on. However, assets acquisition is not posted on PO invoice posting. On PO invoice posting fixed asset receipt account (from item posting profile) is debited and vendor account is credited.
The Asset is created with status not yet acquired.
Expectation:
Later on posting the fixed asset acquisition using acquisition proposal:
1. The asset status is changed to open.
2. Fixed asset issue account (from item posting profile) is credited
3. Fixed asset acquisition account from fixed asset posting profile is debited.
Issue:
On posting the fixed asset acquisition journal, system is not picking the fixed asset issue account (from item posting profile) but is picking the account from fixed asset posting profile.
I will appreciate if someone can share some insights into this scenario to make the postings correct.
Thanks.
Thank you for clarifying Andre.
Hi Ankit,
The item posting profile for asset accounts is only used when you post item consumption on an Inventory to fixed asset journal. This is for the purpose to consume items as spare parts on e.g. machinery.
A fixed asset journal (financial only) is using the accounts as you described above.
If it is OK, the PO posting will create the acquisition directly. If you need a separation between a purchase invoice and the acquisition proposal you have to post the invoice to a ledger account (possibly use procurement category without asset identification on the PO line). This is a common scenario when the finance department want to have better control on the acquisitions, but requires a different handling.
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André Arnaud de Cal...
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