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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Fixed Asset General Le...
Microsoft Dynamics GP (Archived)

Fixed Asset General Ledger Posting

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Posted on by RickMat 75

When I attempt to create a FA batch, I go to Tools > Routines > Fixed Assets > GL Posting.  The window comes up for me to enter date range.  I leave the beginning period with zeros.  For the ending period I enter the 4 digit year, 2014 and a three digit month 007.  (btw is there a right and wrong way to enter the month?).  Next I select a transaction date.  Now I hit continue.  A window pops up telling me "Creating batch number FATRX00000300".  I select continue and there are print options.  I choose an option and the result does not have a batch number listed and there nothing happens to my Fixed Assets General Ledger Posting screen.  I double checked the Financial batches and nothing has been created.  

What do I need to do to fix this?  Any help is greatly appreciated.

Thanks

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  • Mahmoud Saadi Profile Picture
    Mahmoud Saadi 32,738 on at
    RE: Fixed Asset General Ledger Posting

    It seems that Harry has grabbed the opportunity to explain even the tiny details, I absolutely have nothing more valuable to add up

    I would have a simple question though, have your FA GL posting ever generated financial journals before or this is the first time you are doing so ?

    In case you never generated journals through the FA GL posting, I would absolutely consider this as a setup issue which needs to be revised thoroughly starting from the FA book, account groups, FA Company setup, account-book assignment ...etc.

    Let us know your feedback,

  • Suggested answer
    Redbeard Profile Picture
    Redbeard 12,931 on at
    RE: Fixed Asset General Ledger Posting

    Rick,

    Assets need to be created and assigned to a Book, in order to generate a financial transaction for adding the asset.  You may have already done this, but I didn't see it in your explanation of your problem.  

    The FA Calendar needs to be created as well - a step some folks miss when configuring Fixed Assets.  

    When you're adding an asset with an acquisition date that precedes the present period (i.e. it happened before 2014-007), you should pick a starting period that encompasses the asset acquisition date when selecting your start and end periods for GL Posting.  

    It is not uncommon for a user to inherit a FA setup from another person and run GL Posting for 0000-000 to Current Period YYYY-MMM and find numerous transactions have never been interfaced with the GL, because users always selected the current period as their start and end periods.

    Make sure your fiscal period is open for the posting date you chose when processing GL Posting.

  • RickMat Profile Picture
    RickMat 75 on at
    RE: Fixed Asset General Ledger Posting

    Yes, I get the same result.  

    What I am trying to do is enter fixed assets. The asset belongs to our company but will be off-site at a client's facility.  The items are purchased as inventory, then when the customer "buys" it, we do not charge a COGS account but a fixed asset clearing.  At the end of the month we move the assets from the clearing account into their proper balance sheet account.

    I need to be able to have an entry that moves the dollars out of the fixed asset clearing and creates a Fixed Asset Card for each individual item.  (I have prior months with entries containing this information but my predecessor failed to teach me how to do this.)

    From what I have been able to find, I need to create this FATRX batch and edit it.

    Thank you for your help.

  • Mahmoud Saadi Profile Picture
    Mahmoud Saadi 32,738 on at
    RE: Fixed Asset General Ledger Posting

    Would the result be the same if you set a beginning period as 2014 -001 for instance ?

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