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FA purchasing transaction post period

When Converting a purchase to a fixed asset the system is using the receipt date as the GL posting date for the transaction to clear the fixed asset accrual account.  The system should use the date that the purchase is converted to a fixed asset since there is usually a timing difference between the purchase and the conversion, especially for larger fixed assets where there is construction in progress.

  • Kurt Bendykowski
  • May 30 2019
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