Fixed Asset Disposal in Dynamics 365 Business Central

-

Fixed Asset Disposal in Dynamics 365 Business Central

My example below shows how to dispose of an asset that was sold for $3,000.


Search for Fixed Asset G/L Journals

 

Complete the following fields within the Fixed Asset G/L Journals.

a.      Posting Date

b.     Document No.

c.      Account Type

d.     Account No.

e.      Depreciation Book Code

f.        FA Posting Type

g.      Description

h.      Amount

i.        Bal. Account Type – in my example below we sold the asset for $3,000 so the money is going into our bank account


Review of the Posting Preview


Important to review the G/L Entry. The accounts are selected based on the FA Posting Groups setup.


Once posted you can see the book value of the fixed asset has been adjusted.


FA Ledger Entries for all the transactions that hit this specific asset.



------
Kristen Hosman is a Microsoft MVP in Denver. She works with Dynamics 365 Business Central and related technologies. You can also connect with her through this link: Kristen Hosman | Linktree



Comments

Post a Comment

Popular posts from this blog

Applying posted credit memos to posted invoices in Microsoft Dynamics 365 Business Central

-
Image
Applying posted credit memos to posted invoices isn't a hard task to complete in Microsoft Dynamics 365 Business Central. The example I use below is for a vendor credit, but the same process applies to customers.  Version: US Business Central 20.0 Open up the vendors list. Search for vendor that you'd like to apply the credit memo to an invoice for.  Click on Balance field to open up Vendor Ledger Entries window. This will show all the 'open' documents on the vendor ledger. Select the line for the Credit Memo that you want to apply to a posted invoice. Click Process > Apply Entries Within the Edit - Apply Vendor Entries window select the line(s) that you'd like the credit memo applied to.  Click Process > Set Applies-to ID This will put the users name into the Applies-to ID field on the line selected. To post the application select Process > Post Application. Written by: Kristen Hosman, Microsoft MVP
Read more

Reversing a customer payment in Dynamics 365 Business Central

-
Image
Steps to reverse a bank account transaction or customer payment in this case. Have you ever entered a customer payment and needed to void it out of the system? If so, this blog is for you! Follow the steps below to learn how to unapply a payment and void/reverse the payment. These steps will void the payment and the invoice will remaining outstanding when completed. Open the Bank Account Ledger Entries window and select the line for the transaction in question. ctrl+alt+Q on keyboard to open the Find entries page, or click on find entries on the Action Bar. Click on the Detailed Cust. Ledg. Entry line Select a line that has 'Application' as the Entry Type and then Unapply Entries on the Action Bar Click Unapply Yes OK Close windows until you get back to the Bank Account Ledger Entries page. Select transaction and then Reverse Transaction from the Action Bar. Reverse Yes OK Written by: Kristen Hosman, Microsoft MVP
Read more

Received not invoiced report in Dynamics 365 Business Central

-
Image
If you're using Purchase Orders (PO) in Business Central and have a receiving process that requires a warehouse team to receive items off a PO then this tip is for you. Within the Purchase Orders list you can personalize to add the column Amount Received Not Invoiced. This will all Accounts Payable and the Purchasing team to know what PO's have been received but not invoiced yet. To learn how to personalize Business Central check out this blog:  Personalizing Screens In Dynamics 365 Business Central (kristenhosman.com) Reconcile AP to GL There is also a report in Business Central called Reconcile AP to GL that can be useful. The name doesn't make sense but the data it provides does.  Search for  Reconcile AP to GL and make sure to bookmark it since it's hard to remember. Filter if needed or just select Print or Preview. Review the two pages. “The AP to GL Reconcile report is a 'point in time' report. It cannot be run for prior days as it gets its data from the ...
Read more