Budgeting Acquisition Costs

To prepare a budget, you need to set up fixed asset cards for fixed assets you intend to buy in the future. The budget fixed assets are set up as normal fixed assets.

To Budget Acquisition Costs:

  1. Open the Fixed Asset Card window.

  2. Click the Budgeted Asset field on the Posting tab to prevent posting to the general ledger.

  3. Click Fixed Asset, Depreciation Books to set up the FA depreciation book(s).

  4. Open the Fixed Asset Journal window. Enter and post the budgeted acquisition cost. The FA Journal is used because budgeted assets are not integrated with general ledger.

Related Topics

Acquisition Costs

Filling In and Posting FA Journals

Setting Up Depreciation Books

Creating Fixed Assets

Fixed Assets Budget

Buying Budgeted Fixed Assets

Budgeting Disposals of Fixed Assets

Budgeting Depreciations