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Create Fixed Asset without AP Bill

  • 25 February 2022
  • 4 replies
  • 82 views

Userlevel 1

Are there any repercussions of creating a Fixed Asset without an AP Bill (bypassing the Convert to FA step)?

 

  1. Create Fixed Asset
    • Debit FA and Credit FA Clearing
  2. Then Create Cash Entry to record the transaction
    • Debit FA Clearing and Credit Cash

This would bypass the AP Bill process completely and I want to be sure there won’t be later problems.

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Best answer by vkumar 8 March 2022, 11:36

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4 replies

Userlevel 1

She created a JE for step 2 of the above (Credit Cash and Debit FA Clearing).  Thought I’d mention that in case it matters.

 

Userlevel 7
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Hi @KevinGilbert any luck with this one? If not anyone have suggestions? Thank you!

Userlevel 7
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Hi @KevinGilbert 

That should work. When you create the asset manually, you will be able to see the GL batch on reconciliation tab and can reconcile the asset. 

Regards,

Userlevel 1

Thanks; that worked.  Also figured out that you can enter a negative amount during a Fixed Asset transaction to reverse depreciation previously taken that should not have been.  Love Acumatica’s flexibility!

 

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