In Business Central, you assign a single posting group to each fixed asset. This posting group controls how transactions are posted to the chart of accounts when you work with fixed assets. It determines which asset account and which depreciation account in the income statement are used when you post.
You can set the posting group directly on the fixed asset card. From there it flows into your documents and journals. When you post, the posting group decides which accounts in the chart of accounts are affected.
How posting groups work on fixed assets in Business Central
Fixed assets in Business Central use only one posting group per asset, which keeps the setup simple. You find it on the fixed asset under the field called posting group. This field controls how the posting is done in the chart of accounts whenever you work with the asset.
The posting group ties together the relevant accounts. When you post a transaction, it determines which asset account is used and which depreciation account in the income statement is affected.
Where the posting group is applied
You enter the posting group on the fixed asset itself. From the asset, the posting group carries through to the documents you use, or it applies directly if you work in journals. In both cases, the posting group decides which accounts in the chart of accounts are posted to when you complete the transaction.
Q&A
How many posting groups can you assign to a fixed asset in Business Central?
You assign only one posting group per fixed asset. This keeps the setup simple and controls all the relevant postings to the chart of accounts.
What does the fixed asset posting group control?
The posting group determines how transactions are posted to the chart of accounts. It controls which asset account and which depreciation account in the income statement are used when you post.
Where do you set the posting group on a fixed asset?
You set it directly on the fixed asset card in the field called posting group. From there it flows into documents and journals when you work with the asset.