Hi,
What do I do if I used one of my inventory item as my asset? What are step and accounting transaction I need to do?
I have a little idea,
Perform a good issue, to minus quantity in my inventory:
Cr Inventory : $17800
Dr Inventory Decrease : $17800
Then I should perform a journal for my asset acquisition:
Dr Fixed Asset: $17800
Cr Inventory Decrease: $17800??
Is that right? I don't use fixed asset module by the way.
Thanks!
Kevin