Acquire a fixed asset and claim for the government grant subsidy

Use this task to walk through acquiring a fixed asset and then claiming it for a government grant.

In order to complete this task, the Fixed Asset configuration key must be selected.

This task uses the JPMF demo data.

Acquire the fixed asset

1. Go to Fixed assets > Journal entries > Fixed assets journal.
2. Click New.
3. In the Name field, type a value.
4. Click Lines.
5. In the Date field, enter a date.
6. In the Account field, specify the desired values.
   • Select the fixed asset to acquire.
7. In the Book field, type a value.
8. In the Debit field, enter a number.
9. Click Save.
10. Click Post.

Claim the fixed asset for a government grant

1. Go to Fixed assets > Journal entries > Fixed assets journal.
2. Click New.
3. In the Name field, type a value.
4. Click Save.
5. Click Lines.
6. Click Proposals.
7. Click Reduction entry proposal.
8. Click Filter.
   • You can filter to help find the fixed asset faster.
9. In the Criteria field, type a value.
10. Click OK.
11. Click OK.
12. In the Date field, enter a date.
    • Enter the accounting date on which to journalize the subsidy.
13. In the Credit field, enter a number.
    • Enter the amount of the government grant.
14. Click Post.