Fixed Asset Sales not showing correct Gen. Posting Type, Gen. Bus. Posting Group

(1) Share

Report

Posted on by SoniaSteyn

Hi Minds Trust,

We are currently finding that when we raise an invoice for the sale of an asset (ie: Type = Fixed Asset on the Invoice Line), the fields Gen. Posting Type, Gen. Bus. Posting Group or Gen. Prod. Posting Group in the General Ledger entries are not being populated. I have double checked the set up of the customer and the relevant accounts as well as the posting setup of fixed assets and I can't see that anything is incorrect.

When we raise a regular sales invoice, these are populated correctly.

Our GST (VAT) entries, customer ledger entries and fixed asset ledger entries are all correct and have appropriate posting groups.

Is this a bug, or have I configured something incorrectly? Any thoughts on how to resolve this (preferably without code)?

Any suggestions very much appreciated.
TIA.

All responses (3)

Answers (0)

SoniaSteyn 20 on at

Like (1)

Report

Fixed Asset Sales not showing correct Gen. Posting Type, Gen. Bus. Posting Group

Thanks @mustafa. Its good to know at least that you also experience the issue.

@Kushbu, thanks for trying, but as I said in my question, I've already checked those things.

Seems like it might be a Bug/Feature....
Mustafa Omerbegović 1,249 Super User 2025 Season 1 on at

Like (5)

Report

Fixed Asset Sales not showing correct Gen. Posting Type, Gen. Bus. Posting Group

Hello Tia,

try to define a default Gen. Prod. Posting Group and VAT Prod. Posting Group on the G/L Account Card for the account that is defined as Acquisition Cost Account for the FA Posting Group to which FA on your order belongs.

I have FA with FA Posting Group EQUIPMENT and her Acq. Cost Acc is 1220.

Go to the G/L Account Card 1220.

Posting groups that are defined on the Gen. Prod Posting Group and VAT Prod. Posting Group on the account card will be inserted on the Sales order line once you enter that FA no.

The same approach is for the Gen. Posting Type.

However, I tried to test it, and on the General Ledger Entries related to the Purchase of this FA, I got Posting Groups in the desired columns, but when I posted the Sales order of that FA, I didn't get any Posting Group in the General Ledger Entries.

They were defined on the Sales order after I inserted FA No. on the order line, but it seems like the sales posting process does not insert Posting Groups into General Ledger Entries.
I am not sure if any setup for this purpose exist.

You could link Posting Groups from General Ledger Entries with the FA Ledger Entries page, on the line with the FA Posting Type: Proceeds on Disposal

You should see the General Posting Group there.

If you find a solution please let us know as the case is interesting.

I'm sorry I couldn't help more specifically, and I certainly wish you the best of luck.

Greetings
Suggested answer

Khushbu Rajvi. 8,786 Super User 2025 Season 1 on at

Like (2)

Report

Fixed Asset Sales not showing correct Gen. Posting Type, Gen. Bus. Posting Group

Ensure fixed asset posting groups, item posting groups, and customer posting groups are properly set up and mapped to G/L accounts.