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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
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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
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
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
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
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
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