Create one Asset from Multiple Bills or Journal Entries

To automatically create one Asset record from a combination of Bills or Journal Entries:

 

 

Example: The Bill#1 for Computer - G&A will be created as an asset record and the Bill#2 amount of 500.00 for the Software would be included in the Asset Cost.

 

Bill # 1 - $1500.00 (Computer - G&A)

 

Bill # 2 - $ 500.00 (Computer Software)

 

 

 

1. Navigate to Fixed Assets > Transactions > Asset Proposal

 

2. Enter an Asset Type and Subsidiary. Click on Propose New Assets.

 

3. In the Proposed Assets tab, click Edit and open in a new tab the child proposal (Bill#2).

 

4. In the Asset Proposal screen > Parent Proposal field, select the Internal ID of the Parent Proposal (Bill#1). Click Save.

 

 - The Internal ID of the Proposal can be seen in the Asset Proposal screen ( Fixed Assets > Transactions > Asset Proposal)

 

5. In the Asset Proposal screen, hit Refresh.

 

**Note that only the Parent Proposal will remain (Bill # 1).

 

6. Mark the Select box.

 

7. Click on Generate Assets.

 

8. Navigate to Fixed Assets > Lists > Assets.

 

 

 

Note: Result: One asset is generated for a cost of $2,000.00