In order to process Fixed Asset Contract, you need to fill in Vendor field and other information you may have for the selected contract.
When all these information are filled in, click the Process button. A message will appear asking if you want to process the fixed asset contract to a Bill. If you select 'Yes', another message will appear stating that the fixed asset contract was successfully processed to a Bill.
The Bill transactions created from the Fixed Asset Contract form can also be viewed in Bills under Purchasing topic. The final step is to Post this transaction to update your General Ledger. See also Batch Posting.