When we enter Purchase of Fixed Assets (e.g. Air Conditioner) through GST Docs, the amount is posted in “Purchase Local xx%” account. However it should be debited to “Air Conditioner” account. How can we resolve this issue ?

Whenever you enter purchase through GST Docs, the amount is debited to default Purchase account. However you may post the amount in the desired Fixed Asset account. To do so, follow the steps given below: –

1. Go to Master -> Stock Master.
2. Edit the item of Fixed Asset (e.g. Air Conditioner) (in Stock Master).
3. Click on “F7: Save”. After saving the item, software will open the GST Info. window.
4. Click on “Advanced columns” check box.
5. Specify the desired Fixed Asset account in column “Inward Supplies / Purchase A/c Head” column.