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Fixed Asset Depreciation

Fixed asset depreciation is an important month-end procedure that recognizes the allocation of asset costs over the its useful life. You can run depreciation against a depreciation book so that all fixed assets belonging to the depreciation book can be calculated by the system. 

To perform fixed asset depreciation:

  1. Open Microsoft Dynamics NAV 2016.
  2. In the Search field, type Calculate Depreciation.
  3. Select Calculate Depreciation.
    The Calculate Depreciation window displays.

calculate_depreciation.png

  1. In the Depreciation Book field, choose Company.
  2. In the FA Posting Date field, select the date (typically the last day of the month).
  3. Leave the Use Force No. of Days check box unchecked.
  4. In the Posting Date field, use the drop-down list to select a posting date.
  5. Type a document number in the Document No. field.
  6. Type a description in the Posting Description field.
  7. Add a checkmark to the Insert Bal. Account check box.
  8. Optionally, use the Fixed Asset FastTab, to depreciate a specific group only.
  9. Click OK.
    The system calculates depreciation journal entries in the Fixed Assed G/L Journal.
  10. In the Search field, type and select FA G/L Journals.
  11. Review the depreciation journals and click either Post or Post and Print.
  12. Click OK.
  13. In the Search field, type and select G/L Registers.
  14. Scroll to the last entry (or press the Ctrl and End keys).
  15. From the Ribbon, click General Ledger
  16. Verify the G/L journals and then close.
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