Fixed Asset and several invoices - NAV 2009R2

SYLV1G

Hello,

We have a building in construction and we received several invoices.
Should i create only one asset and post all the purchase invoices for this asset or should i create an asset for each invoice ?

Thank you for your answers

kitik

In Spain you do not start to depreciate an Asset until you start to use it.
What do we do in your case?

1. We post all invoices using a GL Account on the group 23 (Ongoing assets)
2. Once the construction is done and we start using the building, we create just a few assets (3 to 5) and transfer the amount from the GL Account to the assets using the general journal.
3. We start depreciate those 3 to 5 assets.

We create as many assets as fixed assets groups found on the spanish chart of accounts:
- one asset for the piece of ground
- one asset for the building itself
- one asset for the technical facilities (plumbery, electricity, fire safety, etc.)
- one asset fot the furnishing
- etc.
To do so we have to go through all the invoices and determine the amounts that sum up on each group.

Instead of using the GL Account 23, some companies use a FA and post all the invoices using the FA.
But at the end, when they need to start depreciating, they have to break down the amounts anyway. So they end up with 3-5 assets.

Salut!
Laura Nicolàs

kitik

I forgot to mention that we create those 3 to 5 assets because each groups has its own depreciation %.
In an invoice you could have elements with different % , so one FA per invoice is not usefull.

Salut!
Laura Nicolàs

SYLV1G

Hello kitik

Thank you for your answer, in Switzerland it is like in spain we do not start to depreciate an Asset until we start to use it.

Best regards

SG