Sage 100

Customer has a need to convert some of his inventory to fixed assets. Does any one have a simple way to do this? It will be a recurring process so we would like to make it as simple and straight-forward as possible.

How is it valued???? Inventory transactions would be one way. Another would be to generate an invoice with zero value price so AR is not impacted. On each line, override the COGS account number to the Fixed asset account.

Is there a need to track the assets in another system? Does type of asset, depreciation method, depreciable life, residual value, etc. matter? If not, process a manual transaction through inventory with a type of ""issue"". This allows you to assign the appropriate fixed assets GL account to the transaction. It should be properly valued based upon the costing method of the item relieved.