Acquisition is the transaction involving the purchase of an asset. Performing this operation will vary depending on whether you have an integrated General Ledger and/or Accounts Payable module and which method that you think is the most suitable for your business. Acquisitions can be performed wholly in Fixed Assets, in Accounts Payable Invoicing when buying an Asset or in Cashbook Payments when paying for an Asset.
The Acquisition object creates one Fixed Asset transaction, a debit for the Initial Cost of the Asset, increasing its value in the Register to its start-up value.
If a General Ledger is installed (see Fixed Asset Defaults) the General Ledger Journals are created if this Acquisition has been performed wholly in the Fixed Asset Register.