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Master Data Creation
Create and manage all the data required for your transactions and activities.
Fixed Assets
Fixed assets are referenced as objects in IFS Cloud. The company follows them along their useful life in order to manage: acquisition, adjustments, depreciation, scrap, sales.
Acquiring a Fixed Asset with the Manual Supplier Invoice
Create a fixed asset after a purchase order and from an invoice received from a supplier.

Master Data Creation
Create and manage all the data required for your transactions and activities.
- Customer
  Create and update customer(s).
- Supplier
  Create and update supplier(s).
- Parts
  Create and manage parts.
- Fixed Assets
  Fixed assets are referenced as objects in IFS Cloud. The company follows them along their useful life in order to manage: acquisition, adjustments, depreciation, scrap, sales.
  - Creating a Fixed Asset
    You need to create a fixed asset as an object.
  - Creating a Purchase Order Using a Purchase Group
    If you are not used to accounting tasks and need to do a purchase order for an item, you need to use what is called a purchase group, that correspond to the type of item that you need to order.
  - Acquiring a Fixed Asset with the Manual Supplier Invoice
    Create a fixed asset after a purchase order and from an invoice received from a supplier.
  - Activating the Fixed Asset
    After the acquisition of a fixed asset, you need to activate it.
  - Scrapping a Fixed Asset from a Company
    Remove a fixed asset from the active list of the company by scrapping it, for reasons such as the object being broken, obsolete,…
  - Consulting Fixed Asset Report
    Use this report to have an overview of your fixed assets and their characteristics.

Acquiring a Fixed Asset with the Manual Supplier Invoice

Create a fixed asset after a purchase order and from an invoice received from a supplier.

You need to have created a purchase order.

To get more information about the supplier manual invoice, see External Purchase Invoice.

Once you have an invoice, register it via the standard process, perform Adding the External Purchase Invoice.
Once you created your invoice, in the header, click Posting Proposal.
Check your line information. Automatically via the PO match receipt process, you get the Construction in Progress account.

If your invoice status is Authorized, your invoice has been authorized automatically and you cannot modify your lines.
To modify your lines: in the area Authorize Summary, click Cancel. It removes your invoice authorization and you can modify your lines.
In the Posting Proposal page, you have to:
1. Duplicate your initial line and enter the reverse amount.
2. Add another line about the fixed asset that you need. Fill at least the fields: Account, FA, Tax Code and Debit Amount.

You need to approve the invoice: Approving the Invoice.