1. Fixed Assets Implementation Guide
  2. Posting a Batch of Journal Entries

Posting a Batch of Journal Entries

Before GL journal entries can be posted to equipment, the system verifies that each entry includes:

  • A GL post code of P (posted to the Account Ledger table).

  • An account that is within the FX range of accounts that you set up in the AAIs.

  • A fixed asset post code of blank.

  • A valid equipment number or an account that is within the cost account range (FA range) of accounts in the AAIs.

  • A hold code of blank.

When you run the Post G/L Entries to Assets program, the system posts all equipment journal entries to the Asset Account Balances table (F1202) and marks each transaction as posted.