Acquisition Date Field

Use this book information field in Asset Detail to enter the date on which you actually acquired the asset (as opposed to the date you placed the asset in service). The system uses this date in the Quarterly Acquisition report, in the Annual Activity report, and in the Fixed Asset Summary report. If you choose not to enter a date, the system defaults to the Placed-in-Service Date from the reported book as the Acquisition Date for these three reports.