Asset Purchase is the formal document issued to a vendor to confirm the purchase of assets from the vendor. This is the starting point of the purchase process.
- Main Menu > Accounting > Asset Management > Asset Purchase
- Select “Add New: tab.
- Select “Date”, “Vendor” and “Currency”. Click Continue.
- Click Add.
- Select Asset class. Input Asset name, Qty, Unit price, Estimated useful life, Estimated residual value and Description. Then click Add.
- Click Update to save record.