About the Three Methods of Entering Current Assets

Auto-receive POs &
Create Assets Manually

Auto-create Assets through
Purchasing & AP — Regular Invoices

Auto-create Assets through AP Only
— Direct Invoices

1. Set Auto Receive Purchase Orders to Yes in Purchasing Configuration.

2. Create a PO, and designate items as Capital or Inventory Assets in the Purchase Order window.

3. Create, submit, & pay for the invoice in Vendor Invoice.
   Once the invoice is submitted, an order receipt is automatically created in Order Receipt.

4. Add capital & inventory assets "manually" in Asset Management.

5. Accept the assets.

1. Set Auto Receive Purchase Orders to No in Purchasing Configuration.

2. Create a PO, and designate items as Capital or Inventory Assets in the Purchase Order window.

3. Receive the PO items in Order Receipt. During this step you must assign an asset number for capital assets and may assign an asset number for inventory assets.
   Once a capital or inventory item is recorded on an order receipt, an asset record is automatically created in Asset Management.

4. Create, submit, & pay for a regular invoice in Vendor Invoice.

5. Accept the assets.

1. Set Auto Receive Purchase Orders to No in Purchasing Configuration.

2. Create a direct invoice in Vendor Invoice for capital and inventory asset items. You may assign asset numbers while creating the direct invoice.

3. Submit & pay for the invoice in Vendor Invoice.
   Once capital and inventory items are paid for, an asset record is automatically created in Asset Management.

4. Accept the assets.