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Suggested answer

Question about GL account

Posted on by 487

HI,

Greetings.Hope you are fine. Happy Christmas in advance

I need your help for the following question

The client has single GL account for office/factory equipment's

Now the client wants to separate that account int 2 sepaarte accounts(one GL account for office and other for factory equipments.

What will be impact for the monthly depreciation calculations in future?? especially depreciation was calculated by AX all this while from beginning?

What will be the other impacts ? And other pros and cons of spearating that GL account into two parts.

Kindly help me by giving your feedback

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Question about GL account

    Hi NDingankar22,

    If you use a standard fixed asset report that does not directly refer to the main accounts but rather the fixed assets and their groups then there should not be an impact on this report. This might be different if you designed something yourself that refers to your main accounts.

    Future transactions should be ok once you changed the fixed asset posting profile setup but you might sight a change/shift/jump in your monthly P&L statements where suddenly the transactions that were previously posted on a single account are then split.

    The most tricky thing you have to look out for is related to scrap and sale transactions because these transactions will - depending on your setup - reverse prior postings. This might result in 'strange' vouchers that might need some extra explanation in your financial reporting packages. I would recommend that you do a couple of tests in a demo/test environment to see the overall outcome of that.

    Best regards,

    Ludwig

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