Fixed Asset Acquistion

samblue600
samblue600 Member Posts: 84
edited 2009-01-15 in Navision Financials
Hi Friends

How do u post acquisition of Fixed Asset on Credit , through Journal. Is it possible to post Fixed asset through Fixed Asset Journal/FA Genral journal.

Thanks & Regards,
Sam

Comments

  • garak
    garak Member Posts: 3,263
    Do you mean on Phurchase Credit Memo -> Line -> Type = Fixed Asset?
    Do you make it right, it works too!
  • philippegirod
    philippegirod Member Posts: 191
    Accounting reminder:
    - A fixed asset (like all the assets) are posted to debit !!
    The acquisition typical entry is:
    Debit = Fixed Asset, Credit = Bank or Vendor.

    If you have purchased an asset, if you post a credit memo, it will decrease the Book Value of your asset. Could be necessary if you receive a credit memo from the vendor of the assets after the purchase invoice.
    To post it, simply use Financial Management, Payables, Credit Memos and then, instead of an G/L account or an Item, choose Type = Fixed Assets.

    I recomend you to read the Fixed Asset documentation, maybe very usefull..
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