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Linking an Asset to Prepaid expense

Former Member
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Dear All,

We are trying to link a prepaid expense to a PO that we created as an asset.  We prepaid the expense in september with transaction FB60.  The PO has now been created this month in october.  How can we link the PO (Asset) to this prepaid expense?

thank you

Jon Nevoso

Accepted Solutions (0)

Answers (3)

Answers (3)

Former Member
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THank you everyone for the help

former_member183078
Participant
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Hi Jonathan,

if you have created prepaid expenses with order  you can settle to asset. let me know how you have posted whether you posted with order on not.

Regards

Diwa

Former Member
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HI Diwa,

We created the prepaid expense before the PO was created with transaction FB60 (check request.  The PO was created after the payment was made.  We need to understand how we can link this payment to the PO associated with the fix asset?

srinivas_rao69
Active Participant
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Hi Jonathan,

Please let me know at the time of prepaid expense you entered order number? and let me know the entries with co object.

see if you are not entered order number in prepaid expenses line item.You can do one thing

for example : Prepaid expense to vendor enty come like this.

Prepaid expenses Dr ( cost object)

Vendor   Cr

you can adjust the entris with JV like this you can use the prepaid GL in both line items debit and credit .

cost object order number will come debit and which is posted wrong earlier bebit entry will come credit.cost will go automatically to order.

Exp entry: Prepaid expenses Dr (order)

                 Prepaid expenses Cr (co object).

PO also will post with order (which is used in prepaid expense gl) after GRN.

You can settle the order with settlement rule FXA.once settlement will be done automatically prepaid expenses and po amount will be added to perticualr asset(that mean asset will be capitalized).I hope it will  clear your problem.

Regards,

Nivas.

srinivas_rao69
Active Participant
0 Kudos

Hi Jonathan,

Prepaid expense created with cost obeject(order)?

Asset PO created with Cost Object(Order)?,because if you created prepaid exp and PO with order after GRN we can settle the order (settelement rule with FXA) automatically asset will be capitalize.

Regards,

Nivas.