Post a question

News and Announcements icon

Dynamics 365 CommunityForums Small and medium business | Business Central, N... Reclassification from ...

Small and medium business | Business Central, N...

Suggested answer

Reclassification from inventory to fixed asset

Like (0) Share

Report

Report

Posted on 19 Dec 2023 03:34:22 by Community member

Hello,

We wanted to reclassify the inventories to fixed assets, as it's not for sale anymore. Please help to navigate it in BC.

Thank you!

Categories:

Dynamics 365 Business Central

All responses Img

All responses (1)

Answers Img

Answers (0)

Suggested answer

black_s 328 on 19 Dec 2023 at 09:05:05

Like (0)

Report

Reclassification from inventory to fixed asset

I would suggest below:

1. Change the Inventory Adjustment account of the items in the Gen. Posting Group to be the Asset Acquisition Account that you intend to use.

2. Post a negative adjustment of the items. This will debit the Inventory Adjustment account( Asset acquisition account in our case) and credit the inventory account thus closing the stock count and inventory value.

3. On the depreciation book code, disable the G/L Integration for the asset postings.

4. Use the fixed asset journal to input the acquisition value for the assets that matches what is already in your general ledger Asset acquisition account in our case. The fixed asset journal does not

5. Enable the G/L Integration in the depreciation book.

Helpful resources

News and Announcements

🌸 Community Spring Festival 2025 Challenge 🌸

Quick Links

Leaderboard

#1

André Arnaud de Cal... 293,435 Super User 2025 Season 1

#2

Martin Dráb 232,567 Most Valuable Professional

#3

nmaenpaa 101,158 Moderator

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans