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There are three ways to record the acquisition of fixed asset. But before acquisition, user need to create new fixed asset card first.
1. Assist Acquire on Fixed Asset Card
| Description |
Acquire the Fixed Assets | - When all fields required to acquire a fixed asset are filled in on fixed asset card.
"You are ready to acquire the fixed asset". Acquire notification appears at the top of the page.- Choose the Acquire action in the notification.
Follow the steps on the Assisted Fixed Asset Acquisition page to complete the automatic acquisition of the fixed asset.
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2. Fixed Asset G/J Journals
| Description |
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Enter FA G/L Journal | - use the Tell Me icon, enter FA G/L Journals, and then choose the related link.
- On the Fixed Asset G/L Journal page, in the FA Posting Type field, select Acquisition Cost.
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3. Fill in the remaining fields and balance account line. 4. Choose the Post action. |
3. Purchase Order
Step | Description |
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Create Purchase Order | - use the Tell Me icon, enter Purchase Order, and then choose the related link.
- On the Purchase Order Lines page, in the Type field, select Fixed Asset and select the Fixed Asset No. in No. Field
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3. Fill in the remaining fields as necessary. 4. Choose the Post action. |