how the asset flow to FA module.and it steps?
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Answer / amr sherif fahmy
From Purchasing Module:
1) A PO created with an Asset item.
2) Recieving receipt.
From AP Module:
1) Invoice created matched to PO, defaulting the Asset Clearing Account of the purchased asset category.
2) The "Track as Asset" Checkbox is checked at the Line Level.
3) Validate and Create Accounting for the Invoice.
4) Run "Mass Addition Create" program in AP.
In Fixed Assets Module:
1) Open Assets Interface and Correct/Edit/Complete your data.
2) Then Run "Post Mass Addition" program, the Asset will be posted to your assets.
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Mass additions nothing but a asset clearing account must be there in invoice distribution window , which is there in asset category window.
then
invoice must be accounted and should transfer to gl.
it will work through below setups.
1. We need to Enter AP invoice
here we need to give asset clearing a/c in distribution window.then in line level we need enable "Track as asset".
2. we need to run create accounting program
then
3. we can check journal in gl and post
then
4. we can run mass additions create program
in ap here one journal entry it will pass
asset clearing a/c -dr
to accounts payable liability a/c
then
in FA 5. we need to prepare mass additions
6. we can post mass additions program
7. final query the asset to check results
in FA also one journal entry it will pass
when adding sset
asset cost a/c-dr
to asset clearing a/c
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