In today's article, we would like to look at the asset accounting function in Dynamics 365 Business Central. With the asset function in Business Central, you have various options for managing your assets. You get an overview of the correct periodic depreciation, maintenance costs and insurance management and can also post asset transactions and generate various reports and statistics.
An important point before you start managing assets in Business Central is to set up default values, asset postings, posting groups, distribution keys, ledger sheets and posting types.
Below you will find an excerpt of the tasks that you can perform with the Asset Accounting module in Business Central.
- Creation of assets and allocation of depreciation methods
- Posting of acquisitions and residual values and printing of asset overviews
- Monitoring of maintenance costs
- Booking of acquisition costs on insurance policies, adjustment of insurance cover, overview of insurance statistics and listing of insurance policies
- Reclassification of assets, splitting or grouping of assets
- Adjustment of fixed assets, posting of write-ups and posting of increased depreciation transactions
- Calculation and posting of depreciation and analysis of depreciation in asset reports
- Posting sales transactions, displaying sales items and posting partial sales
- Management of asset budgets, budgeting of acquisition costs, budgeting of asset sales and budgeting of depreciation
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