Transactions>Acquisition Processing

CREATING AN ADDITIONAL ACQUISITION TO AN EXISTING ITEM (using pending file)

Access Transactions>Acquisitions

  • Click image-20240814-202536.png

  • Enter the pending item PO or use the drop down to select it

  • Enter the existing tag number.  Ensure the date is in an open period.

  • Ensure 'Update Original Cost' is checked if you want to increase the item's current original cost by the amount of the additional acquisition.

  • Checkmark 'error correction' if the transaction is an adjustment for an error made in a prior fiscal year.

  • Click image-20240814-202554.png to create the additional acquisition for existing item. Click image-20240814-202618.png to exit acquisition window and return to the grid.

 

CREATING AN ADDITIONAL ACQUISITION TO AN EXISTING ITEM (no pending file)

Access Transactions>Acquisitions

  • Click image-20240814-202536.png

  • Enter the existing tag number. Select a type and ensure the date is in an open period.

  • Enter desired information (account code, vendor, amount, PO/check information)

  • Ensure 'Update Original Cost' is checked if you want to increase the item's current original cost by the amount of the additional acquisition.

  • Checkmark 'error correction' if the transaction is an adjustment for an error made in a prior fiscal year.

  • Click image-20240814-202554.png to create the additional acquisition for existing item. Click image-20240814-202618.png to exit acquisition window and return to the grid.

 

EDIT AN EXISTING ACQUISITION 

Access Transactions>Acquisitions

  • Query acquisition

  • Click image-20240814-202713.png

  • Make desired changes NOTE: If GAAP flag is checked, the acquisition amount and error correction flag may be modified if the acquisition was created in the open period.  

  • Click image-20240814-202740.png to update changes made and click image-20240814-202618.png to exit the acquisition window and return to the grid.

 

DELETING AN EXISTING ACQUISITION

Access Transactions>Acquisitions

  • Query acquisition

  • NOTE: Only acquisitions with an acquisition date in an open period may be deleted. Click image-20240814-202833.png and click image-20240814-202854.png to confirm deletion.