Fixed Asset Journal Entry Lesson


In this lesson you will learn how to enter a Fixed Asset Journal Entry for Donated Assets and for a Capital Acquisition.


Steps:

  1. Click the State of Nebraska link.

    Step 1
  2. Click the Accounting link.

    Step 2
  3. Click the Manage Journal Entry link.

    Step 3
  4. Click the Enter Manual Journal Entries link.

    Step 4
  5. Click the Journal Entries with Debit/Credit Format link.

    Step 5
  6. Click the Add button.

    Step 6
  7. Click in the G/L Date field.

    Step 7
  8. Enter the General Ledger date in the G/L Date field (today's date defaults if left blank).  

     

    Enter "11/20/09" into the G/L Date field.

    Step 8
  9. Press [Tab].

    Step 9
  10. Complete the Explanation field.  

     

    Enter "TRAINING EXAMPLE" into the Explanation field.

    Step 10
  11. Click in the Account Number field.

    Step 11
  12. Enter the account number in the Account Number field. 

     

    Note:  For donated assets or assets without an originating financial transaction the object account should be 580300 - 586999.

     

     

    Enter "65025009.583300" into the Account Number field.

    Step 12
  13. Press [Tab].

    Step 13
  14. Enter the debit amount in the Debit Amount field.  

     

    Enter "1500" into the Debit Amount field.

    Step 14
  15. Scroll over to the Tag Number field.  

     

    Click the Scroll Bar to scroll over.

    Step 15
  16. Click in the Tag Number field.

    Step 16
  17. Enter the Tag Number in the Tag Number field.  

     

    Enter "65N1234" into the Asset Number field.

    Step 17
  18. Press the Down button on your keyboard.

    Step 18
  19. Scroll back to the left to the Account Number field.  

     

    Click the Scroll Bar to scroll to the left.

    Step 19
  20. Click in the Account Number field.

    Step 20
  21. Enter the account number in the Account Number field. 

     

    Note:   For donated assets the object account should be 589000.  For assets without an originating financial transaction the object account should be the same account number as the debit.

     

     

    Enter "65025009.589000" into the Account Number field.

    Step 21
  22. Press [Tab].

    Step 22
  23. Press [Tab].

    Step 23
  24. Enter the credit amount in the Credit Amount field.  

     

    Enter "1500" into the Credit Amount field.

    Step 24
  25. Scroll over to the Tag Number field.  

     

    Click the Scroll Bar to scroll over.

    Step 25
  26. Click in the Tag Number field.

    Step 26
  27. Enter the Tag Number in the Tag Number field.  

     

    Enter "65N1234" into the Asset Number field.

    Step 27
  28. Click the OK button.

    Step 28
  29. Be sure to record the Batch Number

     

    Click the Cancel button.

    Step 29
  30. Click the Close button.

    Step 30

You have successfully completed this lesson.

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