How to receive an asset

Released in version: 5.47

Updated in version: 2016.4.1.0

Once an asset has been added to the system, it can be purchased, then modified or transferred. However, that scenario only applies when money is exchanged. If no money is exchanged, you have the option to deliver and receive an asset. 

To acquire an asset

Before you can deliver or receive an asset, you must add it to the system. See how to acquire an asset for further information.

To receive an asset

1. Quick launch Receive asset.
   
    When the form loads, the Value date will default today's date.
   
   
   
   
2. In Business party, locate and select the client who you would like to pass the asset onto.
3. In Fixed asset account, select that client's fixed asset account you'd like to work with.
4. In Asset, select the asset you're transferring.
5. In this form, despite no money being transferred, you will have to set a book cost. Setting the book cost will not make this form a transaction. The amount you set will simply be added to the properties of the asset. In Book cost, enter an appropriate amount..
6. When complete, slick Submit.
7. To finalize the process, click Approve.