Before posting G/L journal entries to fixed assets, the system verifies that each entry includes: A G/L post code of P (posted to the Account Ledger table, the F0911's GLPOST field equals a 'P') The account is within the FX range you set up in the AAIs A fixed asset post ...
Fixed assets Units The special fields for energy and work orders, and the columns for debits and credits, are available only when you use those special formats. See Also: Chapter 4, "Work with Basic Journal Entries." 5.1Entering a Journal Entry with Subledger Information ...
Purchase of Fixed AssetsWhen a fixed asset is purchased, it is recognized as an asset on balance sheet by debiting the asset account and crediting cash or accounts payable or notes payable depending on whether it is a cash purchase, credit purchase or deferred payment.The...
How to: Fill In and Post Fixed Asset Journals How to: Post Acquisition Costs from Fixed Asset Journals How to: Register Opening Entries How to: Post Salvage Values from Fixed Asset Journals How to: End Insurance Coverage of Fixed Assets ...
How to: Fill In and Post Fixed Asset Journals How to: Post Acquisition Costs from Fixed Asset Journals How to: Register Opening Entries How to: Post Salvage Values from Fixed Asset Journals How to: End Insurance Coverage of Fixed Assets ...
Select Fixed asset budget in the Journal type field. This journal type has functionality similar to Post fixed assets, but is used only for fixed asset budget register entries.Enter values in the Description and Voucher series fields and other fields, as required....
several lines by making proposals or you can enter lines one at a time, and you can modify lines before you transfer them. You can also create and transfer fixed asset budget lines in the value model that is attached to the fixed asset and in theFixed assets budget register entriesform. ...
What are the major assets and liabilities, held by finance companies? What is a transferable letter of credit? What is the principle of self liquidating debt? What kinds of bank reconciliation items require the firm to make adjusting entries?
fixed assets or non-current assets, while the cash which we will pay in exchange for the vehicle will decrease our cash balance. Total assets increased and decreased by the same amount, but we will still record a journal entry because our balances of cash and non-current assets have changed...
On the Setup FastTab, set the Type option and the Fixed assets type field. For more information, see Fixed assets and intangible assets registers. On the Exceptions and Exception dimension FastTabs, specify the ledger accounts, dimensions, and entries that should be excluded when the tax registe...