Post Fixed Assets Journal

Use this screen to post depreciation expense, disposals, and related depreciation adjustments and/or transfer entries to the General Ledger for depreciable assets.

You can also use this screen to post disposals for non-depreciable assets. Although posting a disposal for a non-depreciable record will update the General Ledger only if you selected the Post Disposal to G/L check box on the Manage Asset Master Information screen or the Post Disp to G/L check box on the Manage Asset Description Information screen, general disposal data, such as disposal date and description, will be written to and will display in the Disp Info tab of the Manage Asset Master Information screen and on the Manage Asset Disposal Information screen.

You can also update the Open Billing Detail table with depreciation expense data during a Fixed Assets posting if specific conditions are met at the time of posting.