Asset Item Cycle

[rafeekg209]

hi all
i want to know the cycle for asset item start from define item in the master item to accept it in fixed asset module ?? thanx for all

[shankhaghosh123]

Hi

1.Create Asset Item
2.Specify Asset Category at Item Level
3.Create PO for Asset Item ,ensure Asset Clearing account gets defaulted as the PO Charge Account
4.Receive Item
5.Create Invoice for PO , ensure 'Track as Asset' flag is enabled.(This will automaticlly happen if correct Asset Clearing account provided in the PO)
6.Ensure to specify Asset Book in Invoice
7.Validate and Create Accounting for Invoice
8.Run 'Transfer to GL' from Payables
9.Run 'Mass Additons Create' for Asset Book in Payables
10.Prepare 'Mass Addition' from FA , the Asset created should now be available

[rafeekg209]

thank you my friend