General Ledger - EBS (MOSC)

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BUDGETING FOR PURCHASE OF FIXED ASSET

edited Sep 10, 2009 11:28PM in General Ledger - EBS (MOSC) 1 commentAnswered
Hi,

User requirement is that to control purchase of assets through budgets.

 

First Options tried

 

 

a)Create budget amount for asset clearing account

 

Eg: 10000

 

b)Invoice entered in Accounts payable for purchase of Fixed asset and then transferred to GL.Eg:3000

 

Entry created

 

DR Asset clearing  3000

CR  supplier account       3000

 

c)So Funds available now is 10000 less 3000=7000

 

 

d)Run create mass addition to transfer the lines to FA.

 

e)Create asset in FA and run create accounting to transfer entries to GL

 

Entry created

 

 

DR Asset cost 3000

CR  Asset clearing    3000

 

 

So Funds available now is 10000 less ZERO=0

 

So it is back to original position???

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