Using Accounts Payable

Understanding the FX - AP Transfer ProcessExample of Transferring an Item into Fixed AssetsThe easiest way to understand the FX-AP transfer process is to set up anexample and go through it step by step.The FX - AP transfer process can begin in one of two places:• In the Purchasing module, with a requisition or a purchase order.• In the Accounts Payable module, with a voucher.Note: At the very least, you must have a voucher created for theitems that you want to transfer into Fixed Assets.The Purchase Order StageFor our example, let’s start with a purchase order for some video equipment.Figure 47: Example of the POIM Form for an Asset to be TransferredThe POIM form in Figure 47 shows that we have ordered three digital videocameras. There are two fields of special note on this POIM form — the ProjID field and the Fixed Asset field.Using Accounts Payable, June 19, 2009 295© 2009 Datatel, Inc.