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With Workcube's Fixed Asset module, companies can accurately track fixed assets, which constitute a significant part of their capital. The product in stock is recorded as a fixed asset asset with the "Stock to Fixed Asset Conversion Slip" module.

Path: ERP > Finance Accounting > Fixed Asset > Stock to Fixed Asset Conversion Slip

Note:With the Workcube Fixed Asset module, accounting processes of fixed assets can be followed. is done. Fixed assets recorded as fixed assets can easily be converted into physical assets. A maintenance voucher can be created for the asset converted into a physical asset and the tracking process is carried out. Fixed assets are recorded as embezzlement through PAM>Assets>Physical Assets>Physical Asset Embezzlement Transactions.

Let's examine the Stock to Fixed Asset Conversion Slip update screen and record fields.

1. In the section;

Transaction Type, Receipt Number: Transaction type and receipt type are selected. The system gives the voucher number automatically.

Attention: New transaction types are added and edits are made via Control Panel>BPM>Transaction Categories.

Reference No: Reference number is determined. The reference number makes it easy to find the receipt on the listing screen.

Date, Issued Warehouse: The date on which the product was converted into a fixed asset is entered. The warehouse information where the product is located must be selected.

Receiver: The person who receives the fixture must be selected.

2. In the Basket Section:

Stock: In the Stock section, the product to be recorded as a registered asset in the system is selected.

Fixed asset category: The relevant category is selected.

Attention: New categories are created via Control Panel>SYSTEM>Parameters>Fixed Asset Categories. You can read our article "Fixed Asset Transaction Categories" to get detailed information.

Fixed Asset Number, Quantity, Price: A number must be entered for the fixed asset, the quantity and price information of the stock are entered for the recording process.

Life, Rate: Life and rate information recorded in the selected fixed asset category comes automatically, manually. can be changed.

Depreciation Method, Depreciation Type: The wear and tear share of fixed and disused goods is called depreciation. Relevant selections are made.

Recommendation: For fixed assets that have been subject to appraisal, the current value of the relevant fixed asset can be determined by increases and decreases in value. To get detailed information, you can read our article "Maintenance and Repair Expenditures that Cause Increase-Decrease in Value".

Accounting Code, Cost Center, Expense Item:The accounting code is selected to determine which account the asset will be processed in. In order to record in the budget, the cost center and expense item must be selected.

Depreciation Debit Accounting Code: The accounting code defined for the selected expense item is automatically displayed.

Depreciation Receivable Accounting Code: If the receivable will be evaluated, the accounting code is selected.

With the icons at the beginning of the line. The line is copied and deleted with the minus icon. By clicking on the Convert to Physical Asset icon, the "Convert Fixed Asset to Physical Asset" registration screen opens. The relevant fields appear automatically. Registration is done by entering the company information from which the fixed asset was purchased and the date of receipt.

With the offset voucher in the top menu, the offset voucher can be displayed and checked. You can go to the "Fixed Asset Transactions" list screen with the list icon. Fixed asset stock voucher and fixed asset purchase-sale invoices are listed.

Attention: To get detailed information about the fixed asset purchase/sale invoice, you can read our Fixed Asset Purchase-Sale article.

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About Workcube Objects

Inventory to Fixed-Asset Conversion Receipt

Stocks recorded as products and tracked as inventory are transferred to fixed assets. 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: in...

Type: WBO Version: Catalsyt v5 Licence: Standard Author: Workcube Core