Record Asset Purchases

The Purchase Journal is used to record the acquisition of new assets, ensuring that your asset records are current and accurate. The steps are as follows:

1. Navigate to Assets > Assets > Purchase Journal.
2. Enter the exact Asset ID or use the “@” or “?” wildcards to search for the correct ID.
3. Fill in Purchase Details:
   • Date: Enter the date of the purchase transaction.
   • Period: SapphireOne will auto-fill the current period, but you can alter it if necessary.
   • Purchase Amount: Enter the amount for which the asset was purchased.
   • Tax Code: Enter the applicable tax code.
   • Tax Rate: The tax rate will be displayed based on the entered tax code.
4. Review all entered details for accuracy.
5. Click Save to record the Purchase Journal.

For more detailed instructions, please refer to the Assets > Assets > Purchase Journal. article.