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Acquisition Fixed Asset Journals

Updated

Navigate to the Fixed Asset Journal. Then, click New to create a new record.

Populate the following fields:

  • Posting Date
  • Description (optional)

Then, click Save to save the record.

Click New to enter a new Fixed Asset Journal Line.

Populate the following fields:

  • Fixed Asset
  • Transaction Type with Acquisition
  • Amount
  • Balance GL Account (this is the GL Account that you used proceeds to acquire the fixed asset)

Note
Depreciation Fixed Asset Journals are typically created by the Calculate Depreciation routine.

Click Post to post the Fixed Asset Journal.

Fixed Asset Ledger Entries and GL Entries are created.

 

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