Record an Intercompany Purchase of a Fixed Asset

To record a fixed asset purchase for a destination company:

  1. In Sage 300, open the ICT company.

  2. Open ICT Accounts Payable > Invoice Entry.

  3. Enter the intercompany purchase as you would any ICT invoice, specifying the originator for the entry and the route for the transaction detail.

  4. For the transaction detail, select the Fixed Asset option, and then click the Zoom button to display the Fixed Asset form as you would in non-ICT Accounts Payable. For an ICT Accounts Payable invoice, however, you need to enter the Sage Fixed Assets database and the Sage Fixed Assets company (or organization).

  5. Specify the Sage Fixed Assets database and company (or organization) for the originator company.

  6. Close the Fixed Assets form.

  7. Save the invoice, and then close the Invoice Entry form.

  8. Post the ICT invoice batch.

After posting an ICT fixed asset purchase

  • In Sage 300 Accounts Payable, post the batch that contains the transaction.

  • In Sage Fixed Assets Integration, use the Create Assets form to create the asset record.

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