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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Fixed Assets Opening b...
Small and medium business | Business Central, N...
Suggested Answer

Fixed Assets Opening balances

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Posted on by David Sharpe 40

Good morning

Is there a way of adding my existing Fixed Assets to the Fixed Assets Ledger.

We have migrated from Sage50 on 30/09/20 and I have fixed assets in situ from previous years or months with accumulated Depreciation.

I would like them to sit of the Fixed Asset ledger so the deprecation can be run every month alongside future purchases.

Kindest regards

I have the same question (0)
  • Suggested answer
    Dirk Profile Picture
    Dirk on at

    Hi David,

    Yes there is a way ... 
    Basically you need to enter
     
    - accumulated acquisitions   and 
    - accumulated depreciation (negative)

    And you should enter these with the last date of the previous fiscal year  - rather than the first day of the first period in BC ... (or at least with the last date of the previous fiscal month).
    If you want to use "Declining Balance" as depreciaiton method, then it must be the previous fiscal year. 


    If you already took over the responding G/L Account balances please disable the G/L Integration temporarily for register the exisitng values in the fixed assets module (you can disable the G/L integration in the "Depreciation Book").

    Please be aware that the way BC depreciates can be different.
    In BC "Straight Line" is calculated as   "Book Value / Remaining Life Time * Depreciaiton Days in Period"

    Hope this helps
      Dirk

  • David Sharpe Profile Picture
    David Sharpe 40 on at

    Many thanks Dirk,

    Where would I enter the Accumulated figures?

    We do not use the declining balance method thankfully, so I can eneter balances at the end of Sep20 (our Fin. Year is Apr>Mar).

    Regarding the straight line calc, thank you for the heads up, as I am sure this will then fluctuate the monthly Depreciation value according to the calendar month.

  • Suggested answer
    Dirk Profile Picture
    Dirk on at

    if you want to use the G/L Integration then please use the

    FA G/L Journal

    if you do not want to the integration (becasue the G/L accounts are correct already) then please use the

    FA Journal

    (together with the temp setup change: disable  G/L Integration in Depreciation Books)

  • David Sharpe Profile Picture
    David Sharpe 40 on at

    Thanks, the G/L will be correct anyway due to the migration of the existing data from Sage to BC.

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