After completing the header, you are prompted to post GL transactions related to acquisition costs. The frame containing these fields displays when you click End or press F4.

Whether you post to GL is determined by how you manage such costs. For example, if you account for the acquisition cost during purchase order receipt, you can enter No in Post to GL to avoid double-booking of the cost.

If you choose to generate those transactions when you add the asset, set Post to GL to Yes. You can then specify an effective date, as well as display a report showing an audit trail for the resulting transactions. The date specified in the Acquisition Effective Date field in the Fixed Asset Maintenance header is the default effective date.

If you set Post to GL to Yes, the system posts the GL transaction to the daybook defined in Posting Book Daybook Maintenance (32.9) for the posting book and entity. If the system cannot find a daybook linked to the current entity, it uses a daybook linked to a blank entity. If the system cannot find a daybook linked to the current entity or a daybook linked to a blank entity, it posts the GL transaction to the system daybook defined in Default Daybook Maintenance (25.8.4).

For a fixed asset acquisition, the transaction currency, base currency, and statutory currency amounts are calculated during Operational Transaction Post. The exchange rates between the transaction currency and base currency, and between the transaction currency and statutory currency are the rates defined for each fixed asset book at acquisition. Using Journal Entry View, you can see the amounts and rates.

If you set Post to GL to No, the system prompts you to confirm that you do not want to post the GL transaction.