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Fixed asset posting profiles (form) [AX 2012]

Updated: November 22, 2010

Applies To: Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click Fixed assets > Setup > Fixed asset posting profiles.

Use this form to specify the ledger accounts to which fixed asset transactions are posted.

The correct posting account for any fixed asset transaction is determined by the parameter combinations you set up as posting profiles.

You must set up at least one posting profile.

The following tables provide descriptions for the controls in this form.

Tabs

Tab

Description

Ledger accounts

Create or view the parameter combinations that determine which accounts the fixed asset transactions will be posted to if they are assigned the selected posting profile.

The key parameters are as follows:

  • The fixed asset transaction type. These are listed in the Select window.

  • The value model used.

  • The value in the Groupings field, by which you can set up one posting profile for all fixed assets, one for each fixed asset group, or one for each or a particular fixed asset.

You must select a ledger account and offset account for each possible combination of transaction type and value model.

NoteNote

The ledger account is usually a balance sheet account to which changes in the value of the fixed asset are posted. The offset account is a profit and loss account, which tracks the income or expenditure created by the transaction. However, there can be exceptions. It is very important that the posting profiles meet the financial reporting requirements of the company.

Button

Button

Description

Disposal

Set up the posting accounts to use when a fixed asset is sold or scrapped.

Fields

Field

Description

Posting profile

The identifier of the posting profile that is the reference connecting the fixed asset transactions with the ledger accounts when a fixed asset transaction is posted.

Description

A description of the purpose of the posting profile, which can be useful especially if several posting profiles are used.

Value model

Select a value model for posting. For each transaction type there must be a setup for all value models that are used for posting.

Groupings

For ledger postings, the setup of posting profiles includes three levels:

  • Table – One account set up for each fixed asset.

  • Group – One account set up for each fixed asset group.

  • All – One account set up for all fixed assets.

Fixed asset number

The options in this list depend on the selection in the Grouping field.

  • If Table is selected, all fixed assets are included in this list, and accounts are set up for the individual fixed asset.

  • If Group is selected, all fixed asset groups are included in this list, and accounts are set up for fixed asset groups.

  • If All is selected, no options are available, because the accounts will automatically be related to all fixed assets with the value model.

Main account

The account number for posting in the general ledger for the transaction type. The fixed asset transactions posted to this account are usually related to the value of fixed assets; therefore, mostly balance sheet accounts are used for this setup.

Some options are available only when the legal entity’s address is in a specific country/region.

Offset account

The offset ledger account for the transaction type. The transactions posted on those accounts concern income or expenditures; therefore, mostly accounts from the profit and loss part of the chart of accounts are used here.

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