Creation of Fixed Asset Posting Group on Microsoft Dynamics Nav Business Central

Dear Friends,

Today we will learn how to setup FA posting group. This setup is very important for acquisition and depreciation of fixed asset.

Step 1:

To proceed with the setup go on the following menu:

Main Menu --> Department --> Financial Management --> Setup --> FA Posting Group.

Step 2:

Click on the button New and Fill the following information

Code	Enter a code for the posting group
Acquisition Cost Account	Enter the Acquisition G/L Account
Accum. Depreciation Account	Enter the Accumulated Deprecation G/L Account
Write-Down Account	Enter the write down G/L Account
Appreciation Account	Enter the Appreciation G/L Account
Custom 1 Account
Custom 2 Account
Maintenance Expense Account
Acq. Cost Acc. on Disposal	Enter the acquisition cost G/L Account on disposal
Accm. Depr. Acc. on Disposal	Enter the depreciation G/L Account on disposal
Write-Down Acc. on Disposal	Enter the write down G/L Account on disposal
Appreciation Acc. on  Disposal	Enter the appreciation G/L Account on disposal
Custom 1 Account on Disposal
Custom 2 Account on Disposal
Gains Acc. on Disposal	Enter the gain G/L Account on disposal
losses Acc. on Disposal	Enter the losses G/L Account on disposal

Step 3:

Enter the Balancing account.

Fill all the necessary information.

Acquisition Cost Bal. Acc	Enter the acquistion cost balance G/L account
Depreciation Expense Acc	Enter the Depreciation G/L expense account
Write-Down Expense Acc	Enter the write down G/L expense account
Appreciation Bal. Account	Appreciation G/L balance account
Custom 1 Expense Acc
Custom 2 Expense Acc
Sales Bal Acc	Enter the sale balance G/L Account
Maintenance Bal. Acc	Enter the Maintenance Balance G/L Account
Write-Down Bal. Acc on Disp	Enter the write down Balance G/L Account on disposal
Apprec. Bal Acc. Disp	Enter the balance G/L Account on disposal
Custom 1 Bal. Acc on disposal
Custom 2 Bal. Acc on disposal