Issue

How to record a credit memo for Fixed Asset return
Solution

Below are notes on procedure from testing and Navision documentation. Note that the journal entries data isn't complete; I've added only the major things to note.



For a disposal of a FA, use the FA GL Journals.  Enter 2 lines, one for FA disposal and one for AP Vendor. 



Things to note:



  • Disposal must be the last entry to the FA
  • The credit memo and corresponding invoice in Vendor ledger entries will have the status of "OPEN".  (Can apply after posting)
  • Navision will automatically make any entries for disposal gain or loss  




Fixed Assets> FA/GL Journals



Line 1: FA 

Document Type: Credit Memo

External Doc No: Credit Memo #

Account Type: FA

FA Posting Type: Disposal

Amount: -(amount)



Line 2: Vendor

Document Type: Credit Memo

External Doc No: Credit Memo #

Account Type: Vendor

Amount: Amount

Review the Vendor ledger entries, GL account, FA ledger entries and FA statistics.