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Assets Clearing Account to trasfer from AP to FA

edited Apr 17, 2020 4:29PM in Assets 6 comments

Summary

Assets Clearing Account to trasfer from AP to FA

Content

Hello :

As far as I know this is the accounting to transfer assets from AP to FA

AP Invoice

Debit Asset Clearing

Credit Liability

Mass Additions Program

Debit Cost 

Credit Asset Clearing

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Now if I have a 3 way match 

Receipt

Debit Asset Clearing

Credit Accrual

Invoice

Debit Accrual

Credit Liability

Mass Additions

Debit Cost

Credit Asset Clearing

 

 

 

 

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