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Answer

Create Fixed Asset without AP Bill

  • February 25, 2022
  • 4 replies
  • 150 views
K
Freshman I

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.

Best answer by vkumar

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,

4 replies

K
Freshman I
  • KevinGilbert
  • Author
  • Freshman I
  • February 25, 2022

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.

 

Chris Hackett
Community Manager
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  • Chris Hackett
  • Acumatica Community Manager
  • March 7, 2022

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

Chris ~ Let us know how we're doing: https://forms.office.com/r/xmJUdZ1QE5 - A member helped you, please *Like* their post. A member provided an answer to your question, please mark it as *Best Answer*.
K
V
Acumatica Employee
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  • vkumar
  • Acumatica Support Team
  • Answer
  • March 8, 2022

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,

VijayKumarU
K
Chris Hackett
K
Freshman I
  • KevinGilbert
  • Author
  • Freshman I
  • March 8, 2022

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!

 

Chris Hackett
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