Skip to main content
Business Central forum
Answered

Fixed Asset Journals

editSubscribe (0) ShareShare
ReportReport
Posted on by 3,476

Hi:

What's the difference between the Fixed Asset Journals and the Fixed Asset G/L Journals?

Does data posted in the Fixed Asset Journals update the General Ledger?

Thanks!

John

  • Suggested answer
    Community Member Profile Picture
    Community Member UG Leader on at
    RE: Fixed Asset Journals

    Peter,

    You can run Fixed Assets reports against a different Depreciation Book to give to Tax Accountants. Book Value 01 you can select the Depreciation Book.

    Thanks,

    Steve

  • Community Member Profile Picture
    Community Member UG Leader on at
    RE: Fixed Asset Journals

    Just wondering if asset depreciation using TAX book is 'posted' through Fixed Asset Journals, can we create an Account Schedule to report on this depreciation and asset cost?  Is there a report that runs across both books to list the depreciation values for each period?

    Thanks

  • Verified answer
    S.Kawamura Profile Picture
    S.Kawamura 1,520 on at
    RE: Fixed Asset Journals

    Hi,


    The Fixed Assets module allows you to have multiple Depreciation Books. At least one of the Depreciation Books must be linked to the G/L entries, but it is also possible to have a Depreciation Book that is not linked to the G/L entries. For example for IFRS, Tax, or reporting to Holdings Company.

    Fixed Asset G/L Journals creates data in both G/L entries and Fixed Asset ledger entries. If you want to post data for Depreciation Book that is NOT linked to G/L entries, you need to use Fixed Asset Journal.

    I hope this helps you.

    S.Kawamura

  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 59,978 Super User on at
    RE: Fixed Asset Journals

    Hi, there is the following description in the MS Docs.

    You can record fixed asset transactions in the Fixed Asset G/L Journal or Fixed Asset Journal pages, depending on whether the transactions are for financial reporting or for internal management.

    https://docs.microsoft.com/en-us/dynamics365/business-central/fa-setup

    And the following link may help.

       

    Hope this will help.

    Thanks.

    ZHU

Helpful resources

Quick Links

What Motivates a Super User?

We know many of you visit the Dynamics 365 Community and Power Platform…

Demystifying Copilot with Georg Glantschnig…

Industry experts answer burning questions directly from our amazing Community…

Setting Up Knowledge Sources for Copilot…

Look at how configuring a comprehensive knowledge base is crucial…

Leaderboard

#1
Andre Arnaud de Calavon Profile Picture

Andre Arnaud de Cal... 283,066 Super User

#2
Martin Dráb Profile Picture

Martin Dráb 222,585 Super User

#3
nmaenpaa Profile Picture

nmaenpaa 101,138

Product updates

Dynamics 365 release plans