CHAPTER 1: FIXED ASSETS SETUP
Objectives
The objectives are:
• Describe the fields on the Fixed Assets Setup page.
• Describe Fixed Assets Posting Groups.
• Explain Depreciations Books for Fixed Assets.
• Explain Depreciation Tables.
• Set up FA Journals Templates.
• Set up Fixed Asset Card.
• Set up Main Assets with Asset Components.
• Explain recording for opening transactions.
• Explain duplicate entries to the Depreciations Books.
• Explain copying for fixed assets and FA ledger entries.
Introduction
Microsoft Dynamics® NAV 2009 Fixed Assets provides a fully integrated Fixed
Asset management functionality. This functionality helps a company effectively
and efficiently manage its assets.
Microsoft Dynamics NAV 2009 Fixed Assets helps a company to keep track of
all information relevant to Fixed Assets, such as maintenance costs and
schedules, acquisition costs, and related insurance information.
Fixed Asset has unlimited depreciation books that track the depreciation expense
reliably. In addition, all the ordinary methods of depreciation are available, plus
the ability to create custom depreciation methods. With the flexibility and realtime
nature of a fixed assets, this means the periodic income and expense figures
are always accurate and up-to-date.
Before processing with Fixed Assets, in Microsoft Dynamics NAV 2009, the
following areas must be set up
• Fixed Assets Card
• Fixed Assets Posting Group
• Depreciations Books
• Depreciation Tables
• Fixed Assets Journals