Monday, September 19, 2016

How to Dispose a Fixed Asset in FA GL Journal with a Disposal Value in MS Dynamics NAV?

We can dispose off a fixed asset in MS Dynamics NAV with a last disposal value. But before going in detail process please look :-

Salvage Value :-

Salvage value is the estimated resale value of an asset at the end of its useful life.Salvage value is subtracted from the cost of a fixed asset to determine the amount of the asset cost that will be depreciated.

Book Value :-
Book value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset.

Aquisition Cost :-
Cost that a company recognizes on its books for property or equipment after adjusting for discounts, incentives, closing costs and other necessary expenditures but before sales taxes.

Follow These steps to dispose of Fixed Asset with a Disposal Value.

1. Open Fixed Asset Card from search bar in RTC. Or Follow Departments>Financial Management>Fixed Asset.
2. Select the FA which you want to dispose off from your Account. For example I want to dispose off this Fixed Asset in NAV.

3. See its FA Ledger Entries.

4. There are two Journals in Fixed Asset Module.
FA Journal :- IF your fixed asset is not integrated wih GL Entries then use it.
FA G/L Journal :- IF you Fixed Asset is integrated with GL Enries then use it.

To see the Fixed Asset Integration setup follow this step :-
Department>FM>Fixed Asset>Administration>Depreciation Books>Edit this book and open integration Tab.

In my case I have to use FA G/L Journal.


 You have to enter the value in negative (Disposal Value) For Example I want to dispose with 1 Lakh so i enter -100000 and define the respective G/L Account which is unable Direct Posting and you want to post the last disposal value.Then Click on Post and select YES.
5. See the last Ledger Account ofter dispose of Fixed Asset.

I hope this post will help the user and developers to understand Fixed Asset more Clearly in NAV.
Comment below if you have any querry.