Posting Groups #15 – FA Purchase Posting

In my first post about posting groups, I show you what results are when you post item purchase. I also show how looks like when we post Item Charge purchase. Now, in this post, I will describe some difference when you want to purchase Fixed Asset. Generally, it is a similar process, but it still has some difference. Some posting groups will not be used, but we also have one new posting groups – FA Posting Group. On this setup, we can configure all accounts in relation with fixed assets processes.

Process of using all posting groups in FA purchase process is shown on following flowchart:

FA Pch FlwCh

Depending on the FA Posting Type on Purchase Line, we can get two different results. If we want to buy new fixed asset, we will choose Acquisition Cost type and we will get following G/L entries:

FA Pch Inv

But, we can also choose Maintenance FA Posting Type to post maintenance for some existing fixed asset. In this situation, we will get following G/L entries:

FAm Pch Inv

In previous example, I didn’t use discounts, because I have already showed it when I described item purchase. In this case, everything is the same.

Posting Groups #9 –Item Sale Posting with Payment Method

I have already showed item sale process posting here in Posting Group #2 post. But, we can have some specific variants of this posting. One of them is when we use Payment Method.

If you choose Payment Method code on sales document header, and this Payment Method has configured Bal. Account Type and Bal. Account No., NAV will automatically create the balancing journal line. This functionality is great when we are being paid in full at the time of sale, but we can use this feature in some other specific process.

You can see how system works with Payment Method on following flow-chart:

SalesPMC

When we finish with this Sales Order posting, we can find following G/L entries navigated to Posted Sales Invoice. You can see standard G/L entries about invoice and the last two of them, connected with Payment:

SI_PyM_GLe