Acquire a Fixed Asset:
To create a Fixed Asset there are two steps involved. In first step we create Fixed Asset but the FA status will be “Not Yet acquired”. In second step we acquire the Fixed asset to actually record the financials
To acquire a Fixed Asset user will Go to>Fixed Assets>Journal Entries>Fixed Assets Journals
Create a new FA Journal and open the “Lines” from the Header
Select the transaction type “Acquisition”, Amount information & Choose a FA from the FA dropdown. The Depreciation Book will be automatically filled as already defined on FA Form
Select an Offset Bank Account & Financial Dimensions if applicable, then Validate & Post the Journal. After posting the Journal FA status must be changed to “Open”
