Hello Everyone,
In my ongoing NAV 2018 project for a client from UAE there is a request for a feature in FA module. The government allows VAT to be included in the Fixed Asset value if the acquisition cost exceeds 6 million AED so that the company paying VAT is allowed to show the VAT as expense over the period of FA life.
I read we can post a Purchase Invoice to add to the acquisition value but here there is no vendor involved hence no question of using PI. If I have to use the Fixed Asset G/L Journal I can debit the FA with the VAT value but which account to credit is a problem.
Any workarounds or suggestions welcome.
Thanks & Regards,
Krish