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FAM: What Integrations are Available for Fixed Assets and Accounting?

Two standard integrations are available between Fixed Assets and Accounting. The first integration, "Asset Acquisition to Journal Entries," connects purchases and journal entries to the creation of fixed assets. This is used when a journal entry for a capital expense needs to be recognized as a fixed asset. The second integration, "Asset Records Synchronization," syncs the asset lifecycle with financial reports. This automates the creation of accounting journals for asset creation, depreciation, and disposal.

  • Jun 25, 2025
  • Knowledge

Title
FAM: What Integrations are Available for Fixed Assets and Accounting?
URL Name
FAM-What-Integrations-are-Available-for-Fixed-Assets-and-Accounting

Question
  • What standard integrations are available between Fixed Assets and Accounting?
  • Why might the integration be required?
  • When does the integration act?
Answer

What standard integrations are available between Fixed Assets and Accounting?

  • Two integrations are available between Fixed Assets and Accounting (see details in table below):
    • Asset Acquisition to Journal Entries
    • Asset Records Synchronization

      Integration Flow NameDescriptionFeature Console Steps RequiredSystems/Modules InvolvedOther Tips and Tricks
      Asset Acquisition to Journal Entries Connects purchases and journals to fixed asset creationNone
      • Accounting
      • Fixed Assets
      • Use consistent journal source types to help identify asset-related entries.
      • Automate asset classification rules based on GL account or description.
      • Schedule a review process before period close to validate asset creation accuracy
      Asset Records SynchronizationSyncs asset lifecycle with financial reportsNone
      •  Fixed Assets
      • Accounting
      • Use automation for asset depreciation schedules. Reconcile disposal and transfer entries monthly.
      • Ensure asset classes and categories are aligned between systems for accurate journal mapping.
      • Asset Acquisition to Journal Entries


Why might the integration be required?

  • Asset Acquisition to Journal Entries: Use this integration when a journal entry is posted in Accounting for a capital expense that needs to be recognized as a fixed asset in the Fixed Assets module 
  • Asset Records Synchronization: Creating, depreciating, and disposing of fixed assets 

When does the integration act?

  • Asset Acquisition to Journal Entries: This integration ensures that capital purchases are automatically converted into fixed assets, reducing manual entry and ensuring proper depreciation and asset tracking
  • Asset Records Synchronization: Automates creation of accounting journals related to the full lifecycle of a fixed asset
Additional Notes
Release Version
IntegrationsProfessional Services CloudCustomer Success CloudFinancial Management CloudFixed Assets
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Knowledge:FAM: What Integrations are Available for Fixed Assets and Accounting?