Fixed Assets - Remove transaction from Convert Purchases to Assets

Question

If an AP invoice is accidentally booked to the Fixed Asset clearing account, and then either reclassed to an expense instead of the FA clearing account or reversed with an adjustment, the original AP invoice still shows in convert purchases to assets.

Is the best way to remove the transaction to mark it as reconciled and process? It seems to remove the transaction from the list, but I’m not sure if there are any other issues that may cause I’m not seeing yet.

Or is there another way to remove that transaction from the list so users don’t accidentally convert it to a FA?

lwaller20 · Accepted Answer

That’s what I did. There was an AP bill that was offset with a debit adj. The debit adj. credit amount to the accrual account did not remove or show in the Convert Purchases screen. I clicked Reconcile and Process without creating a new asset. It is still out there as Reconciled, but it does not show to attach to a new asset any longer.

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