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Need to post negative value in Fixed Asset G/L

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I'm trying to post Fixed Asset G/L Journals with negative value, but it popup below the error message: Could you please help me with posting this entries? 


 


Error: Acquisition Cost must not be negative on 21/06/22 for Fixed Asset No. = FA010139 in Depreciation Book Code = ENERGYS.
 
 
 
Even though I'm trying to activate this Acquire toggle button is seems deactivate; I'm not able to change it. 
 
Categories:
Manufacturing
  • Suggested answer
    KasparsSemjonovs Profile Picture
    KasparsSemjonovs 3,305 Super User on at
    Need to post negative value in Fixed Asset G/L
    Can You explain the logic/result what are You trying to achieve?

    At the moment, You are doing something that is way off from accounting standards and therefore system is not allowing it.
    You cannot have a Fixed asset with negative book value. Minimum is 0. 

    For opening balances, usually the exact Fixed Asset Acquisition cost is posted as acquisition (positive) with the FA Posting Date = date of original invoice), and total depreciation until date of transfer is posted as Depreciation (negative).
    The result is all fixed assets have their current value as Book value.
     
    Depending on how other opening balances are processed, FA balances can also be posted without affecting GL accounts. For that You have to take off the integration to GL in the Depreciation Book code (ENERGYS) and after all transactions are posted, You can turn it back on. If Integration to GL is turned off - the the transactions have to be created and posted from Fixed Asset Journal (not the FA G/L journal).
  • Suggested answer
    Valentin Castravet Profile Picture
    Valentin Castravet 8,087 Super User on at
    Need to post negative value in Fixed Asset G/L
    Why are you trying to post a negative number - is it the accumulated depreciation of the fixed asset? If yes, then you need to select FA Posting Type Depreciation, not Acquisition and you can post a negative value. 
  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 64,563 Super User on at
    Need to post negative value in Fixed Asset G/L
    Hi, unfortunately, as I understand this is standard behavior, negative numbers cannot be posted. It is also not recommended to use customization to modify this logic.
     
    Hopefully other experts can give you better advice.
     
    Thanks.
    ZHU

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