on 10-28-2013 9:13 PM
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
THank you everyone for the help
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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
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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.
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.
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