Fixed Assets > Transactions > Asset Proposal > Propose Inventory Adjustments

1. Create an account that will be shown in the Fixed Assets Management.

- Navigate to Lists > Accounting > Accounts > New.

- In the Show in Fixed Assets Management field, select Asset Account.

- Click Save.

 

 

2. Create an Asset Type to select the newly created account in number 1.

- Navigate to Fixed Assets > Setup > Asset Types > New.

- Under Accounts tab, select the account you created in Step 1 on the Asset Type Asset Account field.

- Set other needed fields.

- Click Save.

 

3. Create an Inventory Item where you can set the new Asset Account

- Navigate to Lists > Accounting > Items > New.

- Click Inventory Item

- Under the Accounting tab > Asset Account field, set the account created in Step 1.

- Set other necessary fields.

- Click Save.

 

4. Perform Inventory Adjustment

- Navigate to Transactions > Inventory > Adjust Inventory

- Select an Adjustment Account. This is usually an Expense Account

- Under the Adjustments tab > Item field, select the Item you created in Step 3.

- Fill in the necessary information.

- Click Save.

 

5. Do the Asset Proposal

- Navigate to Fixed Assets > Transactions > Asset Proposal

- Click the Propose New Assets button