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Fixed assets

Fixed assets in Business Central: setting up, acquiring, depreciating, revaluing and managing capital assets across their lifecycle, plus depreciation methods, a rounding troubleshooting extension, and a subtopic on analytics and reports. It answers how-to and which-method questions.

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Path: Business functionality > Fixed assets · tier official · system fixed-assets · narrative reviewed (checked by Opus)

Overview

The Fixed assets section covers the lifecycle of capital assets in Business Central. Manage fixed assets gives the lifecycle overview: acquisition, depreciation, maintenance, insurance, revaluation, impairment and disposal. Set up fixed assets lists what is required: depreciation configuration, G/L account mappings, and optional insurance, maintenance and user-defined depreciation methods.

The task pages follow the lifecycle. Acquire fixed assets covers recording acquisition costs through purchase orders, journals or assisted workflows. Depreciate or amortize FA covers automatic and manual depreciation. Depreciation methods for fixed assets describes the eight available methods. Revalue Fixed Assets covers appreciation, write-down and indexation. The Troubleshooting FA Ledger Entries extension handles rounding problems in ledger entries.

Start with Manage fixed assets, then Set up fixed assets before posting anything. The Fixed assets analytics subtopic (33 pages) covers Data Analysis on FA and GL ledger entries, standard and Excel reports, and legacy reports slated for removal.

Key points

  • Acquisition costs are recorded through purchase orders, journals or assisted acquisition workflows; bulk creation, component lists and salvage values are supported.
  • Depreciation can be calculated automatically or posted manually with batch jobs and journals, with department allocation and multiple depreciation books.
  • Eight depreciation methods are covered: straight-line, declining balance, DB1/SL, half-year convention, manual and user-defined, among others.
  • Revaluation (appreciation, write-down, indexation) is posted through the FA G/L Journal or batch jobs.
  • Setup needs depreciation configuration and G/L account mappings; insurance and maintenance setup are optional.
  • The Troubleshooting FA Ledger Entries extension rounds depreciation and acquisition amounts to whole numbers to resolve rounding issues.
  • Fixed assets analytics offers Data Analysis on FA and GL ledger entries, standard and Excel reports, and legacy reports slated for removal.

Subtopics

More Learn pages

  • Acquire fixed assets: Set up fixed assets, assign depreciation books, and record acquisition costs in Business Central.
  • Depreciate or amortize FA: Specify how to write down, depreciate, or amortize each fixed asset, such as machinery and equipment, throughout its useful life.
  • Depreciation methods for fixed assets: Learn about the different built-in methods to depreciate or write-down fixed assets.
  • Manage fixed assets: Learn about the fixed assets functionality and get an overview of how to work with and manage your fixed assets.
  • Revalue Fixed Assets: Learn how to adjust the value of fixed assets, recording new amounts as a write-down or appreciation, and post other acquisition costs.
  • Set up fixed assets: Learn about the sequence of tasks to set up fixed assets, such as machinery or buildings.
  • The Troubleshooting FA Ledger Entries Extension: Use the FA Ledger Entries extension to round fixed-asset ledger amounts to whole numbers for easier reconciliation and reporting.

Videos, posts and code changes

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Business Central pages and reports

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