Introduction to setting up a fixed asset posting group

  • 4 minutes

You need to set up fixed assets posting groups to map fixed asset transactions to the correct G/L accounts. You must assign a fixed asset posting group to each fixed asset that has a depreciation book with the G/L integration option enabled.

The fixed assets posting groups are set up on the FA Posting Groups page. You can create as many fixed asset posting groups as you need in Dynamics 365 Business Central.

To set up a fixed asset posting group, follow these steps:

  1. Select the Search for Page icon in the upper-right corner of the page, enter fa posting groups, and then select the related link.

  2. Select the accounts to which transactions are posted for fixed assets. You must select the following G/L accounts for different types of expenses and costs:

    • Acquisition Cost Account

    • Accum. Depreciation Account

    • Acq. Cost Acc. on Disposal

    • Accum. Depr. Acc. on Disposal

    • Gains Acc. on Disposal

    • Losses Acc. on Disposal

    • Maintenance Expense Account

    • Depreciation Expense Acc.

Screenshot of the fixed asset posting groups page.

If you select the New or Edit options, the FA Posting Groups card page opens. Notice that the card contains more fields than the list, which means that if you want to map G/L accounts for appreciations and write-downs, you must access the FA Posting Groups card.