All Fixed Asset (FA) transactions must be posted in a fixed assets journal. If a fixed asset is connected to a depreciation book integrated with the general ledger, the FA G/L journal is used.
Basic transactions for fixed assets are depreciations, acquisition costs, write-downs, and disposals. You can correct entries that have already been posted if an amount changes for some reason or if errors exist in posted transactions. You can also create reports, budgets, cost-accounting, and indexation for fixed assets.
All fixed asset transactions can be posted through the following four journals: