The system allows you to review, update, and post fixed assets to the Fixed Assets system. These transactions are posted to accounts in the general ledger that are defined in the Automatic Accounting Instructions (AAIs) as relating to Fixed Assets (i.e. 58XX00).


These transactions are generated from payments to suppliers for capital outlays, journal entry creating a fixed asset cost, master lease transactions, and Pass Through IT Equipment purchases rebilled by the OCIO (IBT coded to a 58XX00). 

However, there are situations where asset costs should not post to Fixed Assets (i.e. miscoding). You can assign a posting code of "P" (passed) to these unposted asset costs, which will alert the system to ignore them during the fixed asset posting process. 


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