Introduction to creating fixed asset general ledger journal templates
All fixed asset transactions can be posted through the following four journals:
FA G/L journal - All entries in this journal are posted to the fixed asset ledger and the general ledger. To post to the general ledger, select the relevant fields on the Integration FastTab of the depreciation book card to which a fixed asset is linked.
FA journal - Entries that are posted in this journal are posted only to the fixed asset ledger.
FA reclassification journal - This journal is used to transfer, split, or combine fixed assets. It is also used to transfer posted entries from one asset to another. The entries are calculated in this journal and then inserted in either the FA G/L journal or the FA journal.
Insurance journal - Use this journal to post insurance coverage ledger entries.
Most fixed asset transactions are posted through the FA G/L journal or the FA journal. The difference between the two is that the FA G/L journal posts to the fixed asset ledger and the general ledger, while the FA journal only posts to the fixed asset ledger.
As a result, the following rules apply:
Fixed asset transactions for depreciation books with G/L integration enabled must be posted through FA G/L journals.
Fixed asset transactions for depreciation books without G/L integration enabled must be posted through FA journals.
The only exception to these rules is budgeted assets, which you can post transactions through the FA journal, even if a depreciation book has G/L integration enabled. The reason is because Business Central never posts to the general ledger for budgeted assets.
Watch the following video to learn more about FA journals.