You create a master record for your new fixed asset before you create the purchase order. The purchase order is then assigned to the fixed asset. When you post the goods receipt or invoice receipt, the system automatically capitalizes the asset.

Creating the asset master record before the purchase order may be problematic from an organizational perspective. You therefore have the option of initially creating a purchase requisition that is not assigned to an account. You can then enter the asset in the purchase order generated by the purchase requisition.