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Assets categories only in corporate book

edited Dec 19, 2024 1:05PM in Assets 1 comment

Hi,

I have some asset categories which only for my corporate book (not the associated tax book). However, my understanding is that once the asset is added from Accounts Payables the book against the clearing account both in the Primary and secondary ledger which would require the user to manually reverse that entry in the secondary ledger since the asset will not be created in the tax book?

Secondly, in the opposite scenario where the asset category is only in the Tax book and added through the FBDI, would this create an entry to the clearing account in the primary ledger?

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