FA Residual Value

anphilip

Hi Guys,

Picture 1 - Refer highligthed in red box (this is the result that I wanted to be)

Picture 2 - Is mine own simulation base on picture 1 scenario but unfortunelly I was being hit by error message as per below:-

1. Amount must be negative in Gen. Journal Line Journal Template Name='',Journal Batch Name='',Line No.='0'.

2. Acquisition Cost must not be negative on 03/08/12 for Fixed Asset No. = FA000350 in Depreciation Book Code = COMPANY.

Does anyone know how the entries is look like. Please advise. ](*,)

jglathe

Hi anphilip,

I'm afraid what you want to do is not possible in a purchase invoice.

Salvage value: can only be posted in a FA journal - NOT a FA G/L journal, AFAICR.

The way to do what you want would be to acquire the asset at remaining value (FA posting type: acquisition cost), and post the salvage value afterwards in a FA journal (with the same document no. and date, if you like).

with best regards

Jens

dans

delete the second line, and put the salvage value to the first line

jglathe

dans wrote:

delete the second line, and put the salvage value to the first line

Yeah that works, too

Thanks!

Jens

anphilip

jglathe wrote:

Hi anphilip,

I'm afraid what you want to do is not possible in a purchase invoice.

Salvage value: can only be posted in a FA journal - NOT a FA G/L journal, AFAICR.

The way to do what you want would be to acquire the asset at remaining value (FA posting type: acquisition cost), and post the salvage value afterwards in a FA journal (with the same document no. and date, if you like).

with best regards

Jens

Hi Jens,

Thanks for your help but I still face an error. I manage to enter the Salvage value thru FA journal and posted sucessfully but when I view back at my FA Card the salvage entries doesn't reflect in my FA card. (refer FACard.jpg)

When I view from Financial Management > Fixed Assets > History > FA Register the entries is save here but just doesn't reflect in my FA Card. (refer Salvage1.jpg)

dans

anphilip,

when you drill down from the Book Value, you won't be able to see the salvage value.
there is a field called Salvage Salue on the FA depreciation book. you could see the salvage value on that field.