Post fixed asset transactions
To register asset related transactions, use one of the following journals:
Fixed Asset G/L Journal: Used for posting transactions to a depreciation book for which general ledger integration has been specified.
Fixed Asset Journal: Used for posting transactions to a depreciation book for which general ledger integration has not been specified.
Fixed Asset Reclassification Journal: Used to reclassify capital assets.
Posting journal entries
The information that you enter in a journal is temporary and can be changed as long as the information is still in the journal. When you post the journal, the information is transferred to entries on individual accounts. Posting a Fixed Asset G/L Journal always creates entries in general ledger accounts. Posting a Fixed Asset Journal or an insurance journal does not create entries in general ledger 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.
There are two different ways to post entries. You can post single entries and post multiple entries.
Post single entries
If you have just one entry to post, you can post a single entry.
To post single entries
Choose
, enter fixed asset g/l journals or fixed asset journals, and then choose the related link.The Fixed Asset G/L Journals or Fixed Asset Journals page opens.
On the action bar, choose Post.
A dialog box appears and displays the following question:
Do you want to post the journal lines?
Choose Yes.
All the lines are processed and validations are performed to ensure that the journal balances for each posting date. If on the General Journal Templates page, the Force Doc. Balance checkbox is selected, validations are performed to ensure that the journal balances for each document number.
If there are any errors, a message is displayed. You can correct any errors and post the journal again.
Post multiple journal entries using batch posting
If you have created multiple journal batches, you can choose to post several or all batches with a single command instead of posting the batches individually.
To post multiple journal entries
Choose
, enter fixed asset g/l journals or fixed asset journals, and then choose the related link.The Fixed Asset G/L Journals or Fixed Asset Journals page opens.
In Batch Name, choose
.The General Journal Batches or FA Journal Batches page opens.
Select the batches that you want to post, and then on the action bar, choose Post.
Update recurring general journals
You can update recurring general journals as required. Recurring general journals include fields that are not in a general journal.
To update a recurring general journal
Choose
, enter recurring general journals, and then choose the related link.The Recurring General Journals page opens.
Enter journal lines as required.
The FA Posting Type field is not displayed in the default setup of the journal. You can use the personalize feature to add the field.
To post the journal, on the action bar, choose Post/Print > Post.
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