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Need to Expense off Fixed Assets in Corporate Book but Capitalise in Tax(GASB) Book

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edited Jan 31, 2022 9:40AM in Assets 5 comments

Summary

There is two Asset book-Corporate Book is linked to Primary Ledger & Tax book is linked to Secondary (GASB) ledger. Additions must be expensed off in Corp Book but be capitalized in Tax(GASB) book.

Content

1. New Asset is entered in Payables Subledger thru Invoices.

2. The user runs Mass Addition to move them to Corporate Book(which is linked to Primary Ledger)

=> User wants those asset additions to be expensed off in Corporate Book but at the same time wants those asset additions to be capitalised in Tax Book(linked to GASB-Secondary Ledger).

You can also think this issue in a different way that user wants to change asset type in Tax book after Mass copying asset additions from Corporate Book.

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