Fixed asset - different acquisition date and G/L acquisition date

(0) Share

Report

Posted on by Community Member

I've search the forum and google, but can't seem to find any relevant sites.

When creating a fixed asset, is it possible to have different dates in the fields Acquisition date and G/L acquisition date?

E.g. my company buys a new printer August 25, but receives the invoice October 15. When creating the fixed asset I want to enter the actual date for when the printer was acquired, but it seems that no matter what I do the acquisition date will be overwritten by the G/L acquisition date.

Does anyone know how to do this, or know where I can read about this?

We're on version Business Central 17.3

All responses (5)

Answers (1)

Community Member on at

Like (0)

Report

RE: Fixed asset - different acquisition date and G/L acquisition date

Hi Steven.

I found the option in the Fixed Asset setup -> Depreciation Book Card, and our fixed asset dates works as we want them to.

Thank you for your help.

Lars
Verified answer

Community Member on at

Like (0)

Report

RE: Fixed asset - different acquisition date and G/L acquisition date

Lars,

Then make sure you DO NOT check that option and you can do this. The FA Posting Date will be that of the Customer Acquisition and the Sale Invoice will be the GL Posting Date. The FA Posting Date will drive the Depreciation start date.

Hope this helps.

Thanks,

Steve
Community Member on at

Like (0)

Report

RE: Fixed asset - different acquisition date and G/L acquisition date

Hi.

Thank you for your answer.

It might be a bit of nitpicking, but we would like the information about the fixed assets to be correct, even tho the financial impact is due to the depreciation starting date and not acquisition date.

We offer our customers products on leasing deals and they often get the products on a trial run for one to three months before they decide if they want it or not. Then when the customer decides to accept the deal we send an internal invoice from the sales department to the finance department and register the products as a fixed asset.

In these cases the acquisition date (when the customer gets the product) and the G/L acquisition date (when the sale in final) will be different.

So like i said, it might be a bit of nitpicking, but we prefer to separate these dates if it's possible.

Regard,

Lars
Suggested answer

Community Member on at

Like (0)

Report

RE: Fixed asset - different acquisition date and G/L acquisition date

Lars,

How are you entering this information? Is it a Purchase Invoice:

Mine above has the Document Date = 10/15 for the Invoice and the line shows the FA and FA Posting Date = 8/15/21.

Please email back.

Thanks,

Steve
PalGyongyosi 35 on at

Like (0)

Report

RE: Fixed asset - different acquisition date and G/L acquisition date

Hi Lars,

What is the reason to modify Acquisition date? Try to set Depreciation starting date (Oct 15.) based on invoice number, and set G/L date to the acquisition date (Aug 15.)

If you acquires the asset by fixed asset G/L journal you are not able to use different date for FA posting, system use the same as for G/L.

Hope I can help!

Cheers,

Pal