Transfer capital items to the fixed asset (India)

Note

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This procedure shows you how to transfer a capital item by issuing inventory items to the Fixed assets journal. The demo data company used to create this procedure is INMF.

Create Inventory journal for assets transfer

1. Go to Inventory management > Setup > Journal names > Inventory.
2. Select New.
3. In the Name field, enter a value.
4. In the Description field, enter a value.
5. In the Journal type field, select an option.
6. In the Voucher series field, enter or select a value.
7. In the Reservation field, select an option.
8. In the Detail level field, select an option.
9. Select Save.
10. Close the page.

Create capital fixed asset

1. Go to Fixed assets > Fixed assets > Fixed assets.
2. Select New.
3. In the Fixed asset group field, enter or select a value.
4. In the Name field, enter a value.
5. Select Save.
6. Close the page.
7. Close the page.
8. Go to Fixed assets > Journal entries > Inventory to fixed assets journal.
9. Select New.
10. In the Name field, enter or select a value.
11. Select OK.
12. Select New.
13. In the list, select the row.
14. In the Fixed asset number field, enter or select a value.
15. In the Item number field, enter or select a value.
16. Select the Inventory dimensions tab.
17. In the Site field, enter or select a value.
18. In the Warehouse field, enter or select a value.