Summary
In the fixed assets application area, you can use four different journal types to post to the fixed asset ledger, the general ledger, and the insurance coverage ledger. For each type, you can create multiple templates and batches.
All fixed asset transactions can be posted by using these four journals:
FA G/L journal - All entries in this journal are posted to the fixed asset ledger and the general ledger.
FA journal - Entries that are posted in this journal are posted only to the fixed asset ledger.
FA reclassification journal - This journal is used to transfer, split, or combine fixed assets. It's also used to transfer posted entries from one asset to another.
Insurance journal - This journal is used to post insurance coverage ledger entries.