In this section, we will explore fixed assets transactions starting from acquisition transactions by acquisition journal, acquisition through purchase order, depreciation, disposal scrap, and fixed assets reversal transactions. In order to record and post an acquisition journal, go to Fixed assets | Journal entries | Fixed assets journal, as shown in the following screenshot. Create a new journal by pressing Alt + N on the journal line, go to Proposals and select Acquisition proposal, and then go on to select a filter to identify the asset number, which will be acquired, as shown in the following screenshot:
Note that if the acquisition price is not identified, the acquisition proposal will not populate the asset.
In order to acquire fixed assets through a purchase order, a parameter must be activated first. This gives the company...
