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May I ask what is the difference between FA journals vs FA G/L Journals vs FA Reclass Journals in Navision 2018?
FA journals are used to perform all transactions on fixed assets but only write the financials to the fixed asset ledger. Therefore have no links to general ledger accounts. The FA g/l journal is therefore similar to FA journal expect it does have links to the g/l. It will post entries to both the fixed asset ledger and the general ledger entry table. Given the tie to the general ledger there are more rules to comply with when using that journal/way of recording fixed assets.
Reclass wise it is for changing aspects of the FA, such as transaction detail. Or moving posting data to a different or new asset. Again there are more rules to comply with if the depreciation book of the FA is linked to the g/l as transactions will effect both ledgers in play.
Thanks for the reply.
I think its helpful from what you mentioned, but I wonder if we can dig deeper.
1. Why and when do we use FA journals, and why and when do we use FA G/L Journals.
2. In what situation will accounts use FA journals and not FA G/L Journals, and
3. when will using FA G/ L Journals be more appropriate then FA journals?
Will hope to have more clarity.
Thank you so much !
1. When your depreciation book states it is integrated to the G/L
2. Same as 1.
3. When your accounts team want fixed assets held on the balance sheet and don’t want to manually do that. The FA module relies on the FA register being present in NAV. Some companies keep there FA registers elsewhere and post g/l journals manually per month/period. So it boils down to what the team handling this what from their process or to aid their process.
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