Fixed Assets > Transactions > Asset Proposal > Propose Item Receipt Transactions

How to propose Assets from Item Receipt transactions?

1. Create an inventory item by navigating to Lists > Accounting > Items > New > Inventory Item.
• In the Accounting tab > Asset Account field > set this to the asset account to which assets will be posted to.*
• Set other necessary fields.
• Save.

* The asset account selected must be properly set to be shown in Fixed Asset Management (Lists > Accounting > Accounts > Show in Fixed Assets Management). This must also be the asset account selected in the Asset Type (Fixed Assets > Setup > Asset Types > Accounts tab > Asset Type Asset Account).

2. Create a Purchase Order by navigating to Transactions > Purchases > Enter Purchase Orders.
• Enter necessary fields.
• Under the Items tab > choose the item created for the Fixed Asset.
• Save.

3. Receive the items by going to Transactions > Purchases > Receive Orders.
• Upon receiving the order, the GL impact will post a debit to the fixed asset account for the item record created from above.


4. Navigate to Fixed Assets > Transactions > Asset Proposal > click Propose New Assets button.

The Item Receipt transaction will now be displayed in the Asset Proposal page.