Integration with the General Ledger

The Fixed Assets module is integrated with the General Ledger module, which implies that all amount transactions carried out for an asset are posted to the G/L accounts pointed to by the asset group and transaction type.

This takes place during the posting of the asset journals, which are created by approving asset adjustments.

For every asset group, you must specify which G/L accounts are to be used when posting transactions for the asset members. You must also enter the text which the G/L entries are to carry. This makes it easy to manage which G/L accounts are used to the individual asset groups and asset transaction types.