I've only allocated GST to purchase price and deposit. • As general rule, the sale of fixed assets is not subject to VAT.Property Control will assign an asset tag number when a purchase order is created. Purchase a fixed asset using a PV document. Enter the appropriate Capital Expenditure Object code on the PV. Division of Finance. 1. The way to handle a fixed asset purchase is to first create the asset as per the Guide at Manager Cloud. This has no effect on financials. This document will help you to understand most appopriate way to Pass entry for Fixed Assets. Designed and developed custom billing review form to show all fixed fee lines and reservation records. User reviews them and process to AR interface tables.