All posting in the Fixed Assets application area is done from journals. There are four different journals:
The FA G/L journal is used for posting transactions to a depreciation book for which G/L integration has been specified.
The FA journal is used for posting transactions to a depreciation book for which G/L integration has not been specified.
The FA reclassification journal is an assist journal. You use it to make changes to posted entries (such as moving entries from one fixed asset to another).
The insurance journal is used for posting insurance coverage ledger entries.
The information you enter in a journal is temporary and can be changed as long as it is still in the journal. When you post the journal, the information is transferred to entries on individual accounts.
Posting an FA G/L journal always creates entries in G/L accounts. Posting an FA journal, an FA reclassification journal or an insurance journal does not create entries in G/L accounts.
Unless it is a recurring journal, the journal lines are deleted after the journal is posted. A recurring journal is used to post transactions that are repeated at intervals, for example, monthly, quarterly or yearly. These features can help you manage the posting of both fixed and variable amounts. You can also use allocation keys with the recurring entries.
When you fill in journal lines to be posted to a depreciation book, you can have the program duplicate the lines in a separate journal from which they can be posted to a different depreciation book.
You can copy entries from one depreciation book to another with the Copy Depreciation Book batch job.
Before posting, you can print a test report to check errors.
When posting, you can print a report.
Fixed Asset Overview
Fixed Assets Accounting Setup
Fixed Asset Depreciation Setup
Filling In and Posting FA G/L Journals
Reconciling Liquid Accounts
Using Allocation Keys when Posting
Inserting Balancing Accounts
Filling In and Posting FA Journals
Batch Posting of FA Journals
Using Recurring Fixed Asset Journals
Posting Entries to Different Depreciation Books
Copying FA Ledger Entries
Printing Posting Reports
Linking Fixed Assets to Insurance Policies
Posting Acqusition Costs from Insurance Journals