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How to Expense a Purchasing Transaction in FA Clearing?

  • 1.  How to Expense a Purchasing Transaction in FA Clearing?

    Posted 7 days ago
    Hi all and thanks in advance for any help you can offer.

    I have a scenario where a purchasing transaction is sitting in my FA clearing account that I want to expense, rather than capitalize and add into my fixed asset book.

    What is the procedure for writing off a fixed asset purchasing transaction to a G/L account such as computer expense?

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    Greg Gumser
    Controller
    Hely & Weber
    Santa Paula CA
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  • 2.  RE: How to Expense a Purchasing Transaction in FA Clearing?

    GOLD CONTRIBUTOR
    Posted 5 days ago
    You can create a journal entry to remove from the FA Clearing account.  As for the link to Fixed assets, that can be cleared by using the Purge Purchasing Transactions.  Here is a screen shot to demonstrate.



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    Michael Taranto, CPA
    President
    ERP Consulting, LLC
    pataskala OH
    614-342-0098 mtaranto@erpconsultingLLC.com
    erpconsultingllc.com
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  • 3.  RE: How to Expense a Purchasing Transaction in FA Clearing?

    Posted 5 days ago
    Thank you, Michael!

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    Greg Gumser
    Controller
    Hely & Weber
    Santa Paula CA
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  • 4.  RE: How to Expense a Purchasing Transaction in FA Clearing?

    GOLD CONTRIBUTOR
    Posted 5 days ago
    Hi Greg.

    I think you can also you can also delete the record via the the Fixed Assets Purchasing Transactions window (Cards >> Fixed Assets >> General >> Purchase)... see screenshot below:






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    Ryan Galang
    BTP Technologies LLC
    Chantilly VA
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