How to Create Fixed Asset
Create New Vendor:
1. Purchasing (A/P) > Create > New Vendor "Vendor and Create New Entity" screen
2. Enter details in Create New Entity:
Name : Vendor-T38
Contact Name : Vendor-T38 Contact
Location Name : Vendor-T38 Location
Address : 12 Orchid Ave.
City : Duncan
State : OK
Zip Code : 73533
Country : United States
3. Click Find Duplicates button "Duplicate Entities" screen
4. Click Add button > Enter additional details
Vendor tab > Detail tab:
Vendor Account No: T38-001
GL Account: 50001-0000-000
Default Terms: NET 30
Specific Terms: NET 30
5. Click Save button
Purchase Fixed Asset:
1.Purchasing > Activities > Vouchers "Should open Search Vouchers" screen
2. Click New button > Enter details
Details :
Type : Voucher
Vendor : Vendor-T38
Invoice Date : Yesterday
Post Date : Yesterday
Invoice No : INV-T38-<4-digit random no.>
Invoice Ctrl Total = 100,000.00
Details grid :
Billed : 1
Cost : 100,000.00
3. Click Post button
CREATE FIXED ASSET:
1.Go to Fixed Assetes > Activities > Fixed Assets "Should open Search Fixed Assets" screen
2.Click New button "Should open Fixed Asset" screen
Enter these information:
Details tab:
Asset Description: Truck-<unique no.>
Asset Group: V
Location: 0000 - Home Office
Serial No: T38-<unique no.>
Notes: Test Notes-T38
Date Acquired: Yesterday
Default placed in service: Today
Depreciation Method: <Created Depreciation in Create Depreciation Methods>
Default Cost: 100,000.00
Default Salvage Value: 10,000.00
3. Go to GL Accounts tab and set GL Accounts
4. Click Save button
5. Go to Depreciation Methods tab and verify information
6. In Depreciation Methods tab, add a record for booking of Tax
In a new row, add this record:
Book: Tax
Depreciation Method: <Created Depreciation in Create Depreciation Methods>
Placed in Service: Today
Cost: 100,000.00
Salvage Value: 10,000.00
7. Click Save button
8. Click Create Asset button
Should show this message:
Asset Status:
