We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Entering cost in Payables Cost column in ADFDI sheet to override asset cost clearing account

Accepted answer
2
Views
4
Comments
in Assets 4 comments

Summary:

Is there any other financial or system impact when recording cost and in cost and payable cost columns both

Content (required):

In order to override the clearing account using the ADFDI sheet, we have inserted the cost of the asset in both cost and payables cost columns. So as the final result when capitalization the system will take the clearing account we have entered in the sheet rather than getting it (defaulting) from the category level.

Is there any other financial or accounting impact while doing this?

Version (include the version you are using, if applicable):


Code Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!