We’re proposing to integrate the Fixed Assets (FA) Register directly with the Accounts Payable (AP) Ledger, streamlining the asset acquisition process and reducing duplication of effort. Currently, when an asset is purchased, users must manually set it up both in the GL via AP invoice posting and again in the Fixed Assets Register, creating room for errors and inefficiencies. With this proposed enhancement, users will be able to initiate and configure asset records directly from AP invoice lines, ensuring that capital purchases automatically trigger asset setup, with correct linkage to asset categories, depreciation settings, and GL codes. This integration would improve accuracy, enhance audit trails, and significantly speed up the onboarding of new assets into the register - while maintaining full control over approvals and financial classifications.
