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Small and medium business | Business Central, N...
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Inventory to Fixed asset

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I have an item in inventory and would like to convert it to a Fixed Asset what is the best way of doing this? Is it via a negative stock journal or is there another way of doing it.

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  • Suggested answer
    Inge M. Bruvik Profile Picture
    1,043 Moderator on at
    RE: Inventory to Fixed asset

    There is really no good process of doing that.

    It also depends on the regulations you have to follow.

    Here I have sometimes used an approach where i create an internal customer. Create a sales invoice for the item. Use the sales invoice to create a purchase invoice for the fixed asset,

    Then manually post between my internal customer and internal vendor so the A/R and A/P are balanced.

  • black_s Profile Picture
    328 on at
    RE: Inventory to Fixed asset

    Hi,

    Change the inventory adjustment account of the item in the Gen. Posting Setup to the asset cost account then do a negative adjustment thus causing below

    Dr. Asset Account

    Cr. Inventory Account.

    Then create the fixed asset card and do an acquisition using fixed asset journal. Ensure the G/L integration is turned off for this step

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