Purchasing a fixed asset

A fixed asset can be purchased using two modules:

• Fixed Assets
• Accounts Payable

  In the Accounts Payable module, invoices related to fixed assets are registered in two ways:

  • Cost purchase invoice
  • Order-related purchase invoice

To create a fixed asset:

1. In the Assets (tffam1500m000) session, create a new asset and specify the required values.
2. Review the asset status. The Asset Status field is set to Entered. The default values for the asset books and the locations are based on the FAM parameters.
3. Continue with the capitalization process. For more information, refer to Capitalizing Assets process.

To register a cost purchase invoice:

1. In the Purchase Invoice Transactions (tfacp1120s000) session, specify the ledger account in the Ledger Account field.
2. On the Miscellaneous tab, specify quantity and asset number in the Quantity 1 and the Asset Number fields, respectively.
3. Review the asset created in the Assets (tffam1500m000) session of the Fixed Assets module.

To register an order-related purchase invoice:

1. In the Match Purchase Order Lines (tfacp2541m000) session, select the order line.
2. On the appropriate menu, select Cost Items. The Matched Purchase Invoice/Statement Line Transactions (tfacp1133s000) session opens.
3. In the Matched Purchase Invoice/Statement Line Transactions (tfacp1133s000) session, specify a value in the Ledger Account field.
4. Click the Period tab.
5. Specify the values in the Quantity 1 and the Asset Number fields.