About types of fixed asset transactions

Through this transaction, the cost of the asset transfers from the fixed asset accrual account (by default) to the fixed assets account, indicating that a new asset has been acquired. The accounting transactions can be illustrated as follows (if the default accounts are selected).

The Purchasing + transaction is generated by the system, once an asset is created in the system either manually in the Fixed assets (FA303000) window, or by converting a purchase to an asset in the Convert purchases to assets (FA504500) window.
The system uses the date (and its financial period) of the asset purchase document (specified in the Receipt date field) as the date and period of the Purchasing + transaction.

Through this transaction, the cost of the asset transfers from the fixed assets account to the account specified in the acquisition document (by default, the fixed assets accrual account) when you reverse the asset acquisition.

The accounting transactions can be illustrated as follows (if the default accounts are selected).

Through this transaction, the cost of the fixed asset is reconciled with the appropriate purchasing transaction or transactions.

The Reconciliation + transactions are generated automatically when you convert purchases to assets, increase the asset net book value, or enter assets in the initialisation mode. The Reconciliation – transactions are generated automatically when you decrease the net book value of an asset.

This transaction type is used to record the depreciation incurred during the financial period.

This transaction type indicates that the accumulated depreciation amount was decreased on the accumulated depreciation account, for example, as a result of the disposal reverse of the asset.

Transactions of this type are generated when the system updates the balance of the accumulated depreciation account.

For example: When the asset is split, this transaction displays the amount of depreciation that was added to the new asset.

This system-generated transaction occurs automatically when you calculate depreciation for an asset.
When the transaction is released, it transforms to a Depreciation + transaction.

This system-generated transaction occurs automatically when you reverse depreciation for an asset.
When the transaction is released, it transforms to a Depreciation – transaction.

Through these transactions, the system records the proceeds from the sale or disposal of the asset.

These transactions are generated by the system when you reverse the disposal of the asset.

This transaction type indicates that a newly acquired asset that has not yet been depreciated has changed its location, custodian, or department.
This system-generated transaction allows for using the other subaccount for the asset.

This transaction type indicates that the asset that has been depreciated has changed its location, custodian, or department.
This system-generated transaction allows for using the other subaccount for the asset.