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Showing posts with the label Fixed Assets

Top 6 Mainly used Features of Fixed Assets

Introduction: In this series of Fixed Assets aka FA, I will be teaching you through a lifecycle of the Fixed Assets. How to create and acquire these fixed assets, how to appreciate or depreciate the FA, and how to post transactions on Fixed Assets in Microsoft Dynamics Business Central. Pre-requisites: Microsoft Dynamics Business Central(ERP) Understanding of Fixed Assets Demonstration: 1. Creation of Fixed Assets: To create Fixed Assets search Fixed Assets and open the Fixed Asset List. Click on New (+), automatically FA No. is set up from No Series. Enter the FA Name, FA Class Type, FA Subclass Type, FA Location if you have multiple FA Locations. Creation of Fixed Asset Setup the FA Depreciation Book, by default we have COMPANY. Also set up the Depreciation Start Date and End Date or Start Date and No. of Years. Book value is the current value of the Fixed Assets. This value increases or decreases depending on your Appreciation or Depreciation of FA. 2. Ac