How can i get the right amounts in the disposal entries, like the FA Transaction form
My scenario is FA value is that of 1,00,000. Depreciation fund till date is 10,000.
Now Book value is 90,000 as on date and I am selling this FA at 60,000.
AX give an entry As follow:
Cr - 90,000 ---> Come from FA Posting Profile
Gain & Loss on Disposal asset Ac. Dr- 90,000 ---> Come from FA Posting Profile
Customer Dr - 60,000 ---> Come from FA Posting Profile [Disposal Parameters]
Gain & Loss on Disposal asset Ac Cr - 60,000 ---> Come from FA Posting Profile [Disposal Parameters]
Correct Entry should be
Depreciation fund Dr - 10,000
Loss on sale asset Dr- 30,000
Customer Dr - 60,000
FA Ac Cr - 1,00,000
So, regardless the Accounts Names, how can i get these amounts in the entry.
How are you disposing FA? Using FA journal of FT invoice?
What you have mentioned is right according to me also and i guess ax pass similar entry only on FA disposition.
Expect the best, plan for the worst and prepare to be surprised
in FA posting profile>Disposal button>Sale/Scrap add the Depreciation (prior years) and Depreciation (this year) in the posting value
Hi Pranav Kumar,
Thank you for your reply...
I have reached the right combination of accounts in the Disposal Posting Profile...
It will be as follow...
and if we change the sales price it will be accurate also
Can any one share the excat mapping for G/L account for disposal - scrap in AX 2009?
It's urgent one.
As our case is Acquisition cost = 1200 and run depn. for one month i.e. 100 as depn period is 12 . This is fine now the book value is 1100.
Now they want to scrap the assets as it is lost. So how to do mapping in FA posting profile. I am trying to do but it will ask for ledger account and offset account.
Actual entry will be
Accu. Depn A/C = Debit
Assets A/C = Credit
so how to do such mapping.
Can you share the setup in Disposal - Sale (in FA Posting Profile) - I'm trying to set that up for similar scenario but, still not successful.
I am also looking for the same .
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