Convert purchased items to components of a fixed asset

To convert purchased items to new assets that are components of an existing asset, you can use one of the following windows:

• Convert purchases to assets (FA504500)
  You select the parent asset for each of the new assets.
  You can select different parent assets for every new asset.
  For more information, see: Convert items to fixed assets
• Fixed assets (FA303000)
  You open the record of the parent-to-be asset, and then convert the purchases into the components of the selected asset only, as described later in this topic.

1. Go to the Fixed assets (FA303000) window.
2. In the Asset ID field of the top part, select the identifier of the asset to which you want to add new components.
3. Set up the filter to select the acquisitions. On the Reconciliation tab, do the following:
   1. In the Account field of the Stop part, select the account of the acquisition transaction.
   2. In the Subaccount field, select the subaccount of the acquisition transaction.

   The documents are displayed in the table. If you don't see the document you need, check the account and subaccount in the bill.

4. In the Trans. date field, select the date of the addition.
5. In the Addition period, select the period of the addition.
6. For every purchase you want to convert, in the table, do the following:
   1. Select the Selected check box.
   2. Select the Component check box.
   3. In the Asset class column, select the asset class for the new asset.
   4. If you want to convert part of the purchase, fill in the values for the new asset in the Selected quantity and Selected amount columns.
      The quantity of the asset must be equal or greater than 1.
7. Click Process.

The selected items are converted to components of the currently selected fixed asset.

The new asset is created with the settings you specified. The asset ID is assigned according to the asset number series.