Fixed Assets status through product receipt

As per my study from Microsoft document and after creating test PO & Product receipt and Invoice. My Conclusion is below.

When you post a product receipt that has the Create a new fixed asset check box selected for a line, a new fixed asset is created that has a status of Not yet acquired. Then, when you post a vendor invoice with a new fixed asset, an acquisition transaction is posted for the new asset and the asset status changes to Open.

My question is how can i record acquisition of asset after creating product receipt before creating invoice.

As I received asset thru product receipt at 1 Jan and i will record its depreciation effective from 1st Jan. And the invoice issued by vendor at 1 June. So on 1st Jan asset status is “not yet acquired” therefore we are not able record its depreciation.

Hi Hafsa,

It’s not possible to have cost of asset before you receive invoice.

For your issue, I would suggest to update place in service and run depreciation after you receive the invoice.

Thanks,
Gaurang

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