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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Fixed Asset Journals
Small and medium business | Business Central, N...
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Fixed Asset Journals

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Posted on by john.ellis 3,510

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

I have the same question (0)
  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 95,739 Super User 2025 Season 2 on at

    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

  • Verified answer
    S.Kawamura Profile Picture
    S.Kawamura 1,530 on at

    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

  • Community Member Profile Picture
    Community Member on at

    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

  • Suggested answer
    Community Member Profile Picture
    Community Member on at

    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

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