Proposals
In addition to manually recording transactions, Finance offers proposal functionality that suggests the lines for the user to post.
The following proposals are available from the lines in the Fixed asset journal:
Acquisition
Acquisition adjustment
Depreciation
Consumption depreciation
Revenue recognition of reserves
Extraordinary depreciation
To generate a proposal, you need to set up fixed assets with the expected acquisition price that's already entered.
In the Acquisition date field, specify a date to use for the Acquisition proposal in the Fixed asset journal and General journal. The default date is the date when you enter the fixed asset record on the Fixed assets page. Change the date, if necessary. When you post an acquisition, the system updates the acquisition date with the date of the actual acquisition.
In the Acquisition price field, specify an amount to use for the Acquisition proposal in the Fixed asset journal and General journal. Only fixed assets that you set up with an acquisition price are available in the acquisition proposal. The system updates the acquisition price whenever you post an acquisition or an acquisition adjustment for the fixed asset's books.
In the Acquisition method field, select how the fixed asset is acquired. Acquisition methods define the ways that assets are obtained, such as through purchases or donations, and you can enter them in the Fixed asset books page or the Books page.
The Consider capitalization threshold fixed assets parameter can also affect whether the Depreciation field is turned on or off on asset creation from a product receipt or vendor invoice.
In the Service life field, the remaining life of the asset displays. The first time that this value displays, it's equal in years to the service life of the asset. If the asset is partly depreciated, you can edit this field manually.
The following procedure shows how to acquire a fixed asset by using the acquisition proposal in the Fixed assets journal:
Go to Fixed assets > Journal entries > Fixed assets journal.
Select New.
In the Name field, enter or select a value.
Select Lines.
Select Proposals.
Select Acquisition proposal.
Select Filter.
Select Reset to clear previous values.
Select the Fixed asset number row.
In the Criteria field, enter or select a value. Set the remaining criteria for the fixed assets that you want to acquire with this proposal.
Select OK.
Select OK again.
Verify the transaction lines that were created. The system only includes fixed assets with the acquisition date and acquisition price that are set on the book in the acquisition proposal.
Select the Books tab.
Select Post.