Monday, October 29, 2018

Date of asset cost under cost addition column

Problem:

 

Fixed assets> Reports> Asset register> Date of asset cost under cost addition column

What is the parameter for the asset cost to appear on the cost addition column?

Solution/Reason:

The cost will be posted as addition on the date of the acquisition.
1. View the Fixed Assets> Depreciation History> set the Show Schedule Entries? to all
2. Note the date of the acquisition (Ex. 2/1/2012)
3. Run the Asset Register and set the Period start date to 2/1/2012 to 2/29/2012. Asset amount will be under cost addition column.


To test:
1. Create asset via Proposal
---Navigate to Fixed Assets> Asset Proposal

2. Marked the transaction. Take note of the date. Ex. 1/1/2012

3. Once created, open the fixed asset and go to Depreciation History tab > Acquisition transaction will be automatically created. Take note of the date. This will also be 1/1/2012

4. Run the asset register that will cover the date of the acquisition. 1/1/2012-1/31/2012
Asset amount will be under cost addition column

5. To validate this I edited the acquisition date to 2/1/2012 and run again the asset register for 1/1/2012-1/31/2012. Asset amount will no longer be on the cost addition but when if you run 2/1/2012-2/29/2012 the amount will again appear on the cost addition column.

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