Fixed Assets
Imagine a company that has been using Microsoft Dynamics for a while. This company has never used the Fixed Assets functionality. Now they want to start managing their fixed assets with Dynamics NAV.
How many actions do you think will be needed to complete the project? Let's go through them:
- Get a list of the fixed assets. This may require that you perform a Fixed Asset Physical Inventory in your company.
- Check the existing FA posting groups. Modify the existing FA posting groups if they do not meet your accounting requirements, or create new ones if you need to. To do so, navigate to Departments/Financial Management/Administration and click on FA Posting Groups.
- Study the different depreciation methods Microsoft Dynamics NAV offers. The Depreciation Method field can be found on a fixed asset card; the options for this field are shown in the following screenshot:
- Choose the appropriate FA Posting Group for each fixed asset in your list.
- Choose the appropriate Depreciation...
