Fixed Asset- Other charges allocation

PPP
PPP Member Posts: 159
edited 2009-08-12 in NAV/Navision Classic Client
Hi team,

We are doing an acquisition of FA transaction through Purchase- Invoice using the FA as Item type. Along with this we are paying some Freight Charges.

I am using Structure to calculate the Frieght Amount .Since the freight amount to be added to the fixed asset. I am creating a FA GL Journal with crediting the A/c debiting the Fixed Asset and posting type giving a 'Acquisition'.Also the Document type i am giving as 'Finance Charges Memo'

Hope the procedure I am doing is correct. Please suggest your valuable comments

Thanks
PpP

Comments

  • ssingla
    ssingla Member Posts: 2,973
    Use document type as Invoice.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • PPP
    PPP Member Posts: 159
    Thanks for the feedback.

    Just one clarficatins. Will there be anyproblem if i Use GL (Item type) for freight a/c and refer the freight amount instead of Structure?

    Thanks
    Prakash
  • ssingla
    ssingla Member Posts: 2,973
    What ever way you use (G/L / Charges in structure/Charges(Item)) the cost will not be loaded on the FA. You need to select the FA in the purchase line (for charge amount) or pass a FA G/L Journal entry.
    CA Sandeep Singla
    http://ssdynamics.co.in

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