FA write off process

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Hi ,

i am new to navision. Can any one help me for write off the fixed assets, journal entries to post. My company wants to write off some of the fixed assets.

Thanks,

Mahesh

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CU26070923-0 4 on at

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FA write off process

Thanks for this
FA write off process 164 on at

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RE: FA write off process

Thanks for your all help..

Thanks,

Mahesh
RobertasR 5,002 on at

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RE: FA write off process

Yes, that is correct.

Robertas
FA write off process 164 on at

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RE: FA write off process

Hi Robertas,

Thank you very Much. Now i am able to post disposals and asset value is going to be Zero.

But i have one small question. if have post disposal for $0 the remaining book value of the asset is going to post Gain/Loss Acc . and the asset value is Zero , accumulated depreciation and depreciation is Zero. Is that correct?

Thanks,

Mahesh
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RobertasR 5,002 on at

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RE: FA write off process

Hi Mahesh,

your Account Type should be 'Fixed Asset' and Account No. - the number of the fixed asset to dispose. System will work out where to post the disposal value based on the setup.

Robertas
FA write off process 164 on at

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RE: FA write off process

Hi Paras Mehan,

Below mentioned error i am getting while write off or disposing the asset.
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RobertasR 5,002 on at

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RE: FA write off process

The difference between write-off (write-down) and disposal is:

- Write-off credits your Balance Sheet Write-down account, debits P&L with the same amount

- Disposal reverses (credits) Acquisition balance sheet account, reverses (debits) Depreciation balance sheet account and debits P&L with the difference

If you want to decrease value of FA, without reversing acquisition and depreciation balance sheet accounts - then write-off is the way.

Make sure that the Write-Down Account and Write-Down Expense Account are defined in the related FA Posting Group.

Robertas
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Paras mehan 3,518 on at

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RE: FA write off process

what error its showing at the time of posting?
FA write off process 164 on at

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RE: FA write off process

Hi Robertas,

Thanks for quick reply. i want write off the assets not to dispose,what ever the asset cost , accumulated depreciation and depreciation value write down to zero. when trying to post FA G/L Journal it is not allowing to post my FA journal. Is there any setting need to change in GL set up.

Thanks,

Mahesh
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Paras mehan 3,518 on at

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RE: FA write off process

Hi Mahesh,

Go to FA GL Journal and create line for that and also mention FA Posting type as a write down in line and post.

You also can use disposal to write off total value of that FA.

If Once you posted disposal for that FA then system will not allow you to post any transaction in future for that particular FA Card.

Best Regards,

Paras Mehan

FA write off process

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