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Assets, recognition and inventory

Post an acquisition before registering a fixed asset

Use existing capitalized cost without duplicating the purchase.

Updated 2026-11-11

The fixed-asset register starts from an already-posted acquisition. The empty register directs you to post the acquisition in Journals first, then register its fixed-asset cost. Registering an asset creates the schedule and does not post another purchase.

Review the original acquisition evidence and ensure the authorized journal uses the intended fixed-asset account. Then return to Fixed assets and select Register asset. Choose the posted acquisition cost that belongs to the asset being registered.

Do not create a second acquisition journal merely because the register is empty. The purchase can already exist in the ledger while its depreciation schedule has not yet been registered. Trace the original journal before entering anything new.

Complete the name, capitalized cost, residual value, in-service date, useful life, method and depreciation accounts, then review the schedule preview. After saving, verify both the register entry and its source reference. Monthly depreciation and any later disposal remain separate source-linked journal actions that require their own review.

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