What is the initial entry that a fixed asset will be. I have entered the invoice of the fixed asset but have had to post it to a suspense account purely because our system doesn't allow you to post directly to a fixed asset account. I now need to journal out the suspense so there is a zero balance but I am not sure whether the DR entry should go. I am guessing that it should be in the asset account under fixed asset? Then when I do the depreciation I DR the depreciation expense account and CR the accumulated depreciation account? Please help.