Fixed Assets

Business Central/NAV User Forum
1

I am currently using Dynamic NAV 2009 for about 7 months now.

My auditor gave me the fixed assets adjusting journal entries for 2010. I did not have a training on fixed assets.

Can you please guide me how to do adjusting journal entries for Fixed Assets?

Thanks you for your help!

2

That for exist FA G/L Journal and FA Journal.

The FA G/L affects both FA Ledger and General Ledger, the other - only FA Ledger with no trace in GL Ledger.

There is a FA Posting Type field - select what you need there, I suppose your choice might be either Write-Down or Appreciation -these are used to adjust Book Value.
Maybe even Dispose, but that depends on what you have in your auditor’s list and therefore what your goal is.

3

Thank you for your quick respond. I will try and let you know.

Have a great day!

4

I did not adjust the fixed assets at the year end. My auditor just gave to me in May, and I have calculated my depreciation all along for 2011 and some of the assets took off from the book. What do I need to do in this case?

This is the information that I have to complete in FA G/LJournal table.

  1. Posting Date - 12/31/2010

  2. Document Type -

  3. Document No. - GL No automatic generate from the system.

  4. Account Type - Fixed Asset No

  5. Depreciaton Book Code - Company

  6. FA Posting Type - Appreciation

  7. Description - Fixed Asset name

  8. Gen. Posting Type -

  9. Gen. Bus. Posting Group -

  10. Gen. Prod. Posting Group - Product

  11. Amount - $412.96

  12. Bal. Account Type

  13. Bal. Account No.

  14. Depr. until FA Posting Date

Thanks

5

You need to cancel all depreciation entries for the FAs in question created in 2011 first - Navision will not allow you to post anything before the date of last existing entry (and they are incorect, as BV actually must be different from Dec-31-2011)

How to do this - it’s a lengthy process, as you must do it for every FA one by one. (in fact, it can be done in bulk - but if you are a beginner in FA, I simply would not be able to describe the workaround method to you, sorry )

I have posted here earlier several times how to cancel FA Ledger entries, on the spot I found this one: http://dynamicsuser.net/forums/p/27055/145325.aspx#145325 but there must bo other threads, too.

Please use Search, you will obviously find more posts…