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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / fixed asset opening ba...
Small and medium business | Business Central, N...
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fixed asset opening balances not pushing through to chart of accounts.

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Posted on by MichaelEgg 15

I looked to follow this video in order to create opening balances for fixed asset acquisition costs and depreciation using rapid start config package.  

https://docs.microsoft.com/en-us/learn/modules/record-fixed-assets-opening-transactions/2-opening-transactions

I followed the instructions to the point where i disabled the G/L integration on the depreciation books. but prior to posting from the FA journal i forgot to enable the G/L integration. the FA journal entries are present and correct but it has not updated the cost and depreciation on the chart of accounts. 

I thought it was because it was posted to BC prior to me switching the G/L integration back on, prior to posting.  

I'm asking how i can get the values through to the chart of accounts to show the fixed asset cost, deprecation to date and net book value.  

regards

MIC

I have the same question (0)
  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    moved to the bc forum

  • Suggested answer
    Dirk Profile Picture
    Dirk on at

    see community.dynamics.com/.../fixed-asset-opening-balances-not-pushing-through-to-chart-of-accounts

  • Suggested answer
    Community Member Profile Picture
    Community Member on at

    Michael,

    In my 22 years doing NAV and now BC, I normally load the Fixed Assets balances using the normal General Journal history posting process. I then create all my Fixed Asset Headers and Depreciation Book lines. I then record an FA Journal for the Acquisition Cost, using the Original Acquisition Date. I then run Depreciation thru the last depreciation period. NOTE: I DO NOT have G/L Integration turned on. I will then compare the Book Balances per Asset to the old Fixed Asset system. Any differences I will adjust either in the G/L, if minimal, or using the FA Journal (Depreciation Up or Down).

    As an Accountant I want to use BC to generate the Depreciation and Accumulated Depreciation thru the last posted period. This way I know what BC would have recorded for depreciation.

    Hope this helps.

    Thanks,

    Steve

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