Acquire fixed assets

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when you have already created a fixed asset card without updating the book value of the asset by acquiring the asset how can you update the book value again

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Paras mehan 3,518 on at

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RE: Acquire fixed assets

Hi,

please give some clarification about your requirement.

If you want some book value in your FA card then you can post acquisition cost from FA GL Journal.

in FA GL Journal page FA Posting Type must be acquisition cost.

Once journal line posted then book value of that FA Card will be automatically updated.

Regards,

Paras Mehan

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RobertasR 5,004 on at

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RE: Acquire fixed assets

Hi,

to add to Paras' response - normally, if you don't book the FA acquisition cost to the FA Card on the purchase, you post it to a specific GL. Then, when using FA G/L Journals, make sure your Acquisition Cost line balances with that GL. Also, it will only work if the Integration to GL is switched on for Acquisition costs (See Depreciation Book card).

Robertas

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4BzSoftware 6,073 on at

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RE: Acquire fixed assets

Hi SDJ,

Create Fixed Asset (FA) card is the first task to manage the FA. Then, you acquire the FA via Purchase Document or FA G/L Journal (integrated with G/L) or FA Journal (not integrated with G/L).

Hope below links helpful for you:

- Set Up Fixed Assets: msdn.microsoft.com/.../hh165482(v=nav.90).aspx

- Acquire Fixed Assets: msdn.microsoft.com/.../hh165414(v=nav.90).aspx

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