An Inter-Company Purchase is when the current company purchases an Asset on behalf of the company selected in the Other Company Combo Box. An Inter-Company Purchase is a special case of the Fixed Asset Acquisition, if you have mastered that function then you will see that an Inter-Company Purchase is little different. The Fixed Asset Register simply uses the details set up in Inter Company Loan Accounts to raise an inter-company journal. The screen and journals are described in the help for Accounts Payable and Accounts Receivable.
If purchasing from Cashbook Payments or Accounts Payable Invoices see the manuals of the Accounts payable or Accounts Receivable on How an Inter-Company Purchase is initiated from those modules.
To initiate an Inter-Company Purchase wholly within the Fixed Asset Register. Select the Inter Company Purchase option from the Fixed Asset menu.
This will then provide the user with the lookup box in order to select the company required for the purchase. The companies must firstly be selected in the Inter Company Loan Accounts maintenance, before they are available for selection in this lookup box.
Select the required company from the selection box. This will prompt you to confirm your selection of this company.
You will then be provided with the Fixed Asset Maintenance dialogue box in order to complete the acquisition of the asset.