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The Fixed Asset Posting Groups determines Balance accounts used for Fixed Assets

The Posting Setup
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An intermediate video requires some previous experience with Business Central, but it is still easily accessible to most people. Intermediate In the "overview"-videos we draw the big picture to provide you with an understanding of how the solution is structured. Overview
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Presenter: Sune Lohse, Chief Strategy Officer

How does fixed assets posting groups determine the balance accounts used for fixed assets in Business Central?

The fixed asset posting group determines, where in the chart of account you want to post your fixed assets and your depreciation.

This is what happens in the video

Those are set up in the fixed asset posting group table and they are applied to the fixed assets in the Business Central system.

There’s no asset and fixed asset line in this drawing, it’s only called fixed assets.

And they can be sold or purchased directly on sales and purchase documents or often be handled directly in a G/L journal, for depreciation of your fixed assets.

When you do the posting, your fixed asset posting group, will determine, which account in the balance and the income statement, the fixed asset should be posted to.