hi there, inthe fixed assets module my client doesnt want to specify the depreciation percentage in each and every asset card. the rates of depreciation are the same for a group of assets…eg:plant nd machinery, vehicles, buildings etc so it doesnt make sense to them to specify the same method of depreciation and percentage in all the asset cards. is there anyway i can define the same for a group without much customization. or maybe i can hav a default method and rate for an asset based on the group to which the asset belongs and when the user wants to change it he just edits it. awaiting all you guys to help me out here… regards, vinay iyer
Hi Vinay, Just add the depreciation percentage field in the FA Posting Group table and populate this percentage in the FA Card when the same is being created.
Hi Rohit, Thnks for the response.Will surely try it out.There is another thing I wanted to ask. I am assuiming you are in India so you must be aware that as per Company’s Act the depreciation is on the basis of number of days in a year the asset is used…in the firwst year that is and in case of Income Tax law it is full or half depedning on when the asset was purchsed…ie. first half or second half of the year. how do i take care of this in navision. regards, vinay iyer
Hi Vinay, Yes, being from India and having done a couple of implementations there, am quite sure that the statutory regulations there are some of the toughest to incorporate in Navision. Having said that your above requirement can be handled by “Depreciation Book”. As you may be aware, it is possible to have multiple depreciation books in Navision. So you could create one book for “Income Tax” and one book for “Company Law” and integrate only the Company Law to the General Ledger as only one book can be integrated. However the depreciation for both could be calculated independently which will be recorded in the FA module. However a separate report will have to be generated to get the GL results with the IT Depreciation rates similar to what we do in the Income computation Statements while filing the IT returns.