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How do i clear the asset clearing account

Dear all,

I have captured assets opening balances using the capitalisation document. the transaction debited the asset account and credited the asset clearing account. How do i clear the asset clearing account or at what point does the clearing account clear?

Regards

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1 Answer

  • Jan 09 at 10:43 AM

    Normally, acquisition clearing account is debited on AP invoice, then cleared on capitalisation document. If you are transferring opening balances, then I think it would be best if you cleared acquisition account manually in journal entry.

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