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Hi, may I ask for your help on how to record a fixed asset that is stolen?
In accounting books I would use a journal:
Dr. loss on asset $10
Dr. accumulated depreciation $90
Cr. asset at cost $100
However in BC, I need to type an amount for the "process on disposal" and it can't be zero. In this case it is zero as the asset was stolen. So I am struggle to think how am I document this stolen FA.
Thank you.
To add to ZHU's post....
By entering your asset in an FA GL Journal with a Disposal type and zero dollars, when you post then system will create the asset, debit accum. depr and take the difference to gain/loss account. Nothing else to do!
Hi, I'm sorry I'm not a professional accountant.
Can you do the disposal from the fixed asset G/L journal first and then adjust the accounts in General Journal?
More details: https://docs.microsoft.com/en-us/dynamics365/business-central/fa-how-dispose-retire
Hope this helps.
Thanks.
ZHU
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