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Fixed assets conversion from Non-Inventory item

edited Nov 26, 2019 8:38AM in Accounting / ERP 2 comments

Hi,
I would like to find out, for anyone using the Fixed Assets module, if the best practice for converting non-inventory items (say a purchase order of a laptop worth $1000) is converted to a Fixed Asset via a Journal entry - crediting the Expense account, debiting the asset account.

I'm the system admin, and the accountant in my company is worried that the auditors might question this practice.

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