Understanding Fixed Asset Journal Entries

You can use the JD Edwards EnterpriseOne Fixed Assets system to record asset splits, transfers, and disposals in the accounting ledgers. When you indicate which assets you want to be affected by a split or transfer, the system automatically creates the necessary journal entries.

When you run the Compute Depreciation and the Asset Transfer programs in final mode, the system automatically posts transactions to the table F1202. You can review and, if necessary, make changes to the journal entries and then post them to the table F0902. When you run the Disposal program, the system creates transactions that you must approve before posting to table F0902 and then to table F1202. When you run the asset split program, the system automatically posts transactions to table F0902; then you must post to table F1202.