Additions to Assets: Generated Transactions
As you make an addition to an asset, the system creates Purchasing+ and Reconciliation+ transactions. To update the cost of the fixed asset, the system generates the GL transaction described in the following sections.
Transactions Generated for An Addition to a Fixed Asset
When you release a transaction that records an addition to an asset, the system generates the following general ledger transaction.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Fixed Asset account | The Fixed Asset Account box on the GL Accounts tab of the Fixed Asset Classes (FA201000) form for the asset class | Addition amount | 0.00 |
| FA Accrual account | The FA Accrual Account on the Fixed Assets Preferences (FA101000) form | 0.00 | Addition amount |
| FA Accrual account | The FA Accrual Account on the Fixed Assets Preferences form | Addition amount | 0.00 |
| Expense account | The expense account specified for the AP bill line on the Bills and Adjustments (AP301000) form | 0.00 | Addition amount |
You can view the reference number of the GL batch in the Batch Nbr. column on the Fixed Asset Transactions (FA301000) form or on the Transactions tab of the Fixed Assets (FA303000) form. The reference number is also a link that you can click to view the GL batch on the Journal Transactions (GL301000) form.