Fixed Assets

Dynamics NAV gives you a real-time, accurate overview of all your fixed assets. You always know the book value and accumulated depreciation of your assets. You can integrate Fixed Assets with other Dynamics NAV application areas, such as General Ledger and Purchases and Payables, to reduce data entry errors and easily reconcile fixed assets entries and postings.

Fixed Assets in Dynamics NAV makes it easy for you to control the maintenance of all your fixed assets. Keep track of maintenance schedules and costs, budget for upcoming maintenance costs and monitor the value of your fixed assets. Find out whether an asset costs more to maintain than it's worth or whether it should be renewed.

Dynamics NAV also helps you manage the insurance policies for your fixed assets. Monitor annual insurance premiums and link each fixed asset to any number of insurance policies. You always know whether you have the right insurance coverage for your assets.

Basic Fixed Assets

• Flexible asset definitions
• Specify fixed assets as budgeted assets
• Set up assets as single entities or as sets of components
• Describe the required depreciation conditions for a fixed asset
• Define an unlimited number of depreciation books for each fixed asset
• Define depreciation books for internal depreciation calculations
• Integrate books with the General Ledger
• Index depreciation book entries
• View statistics for each depreciation book
• Define frequency of depreciation, such as monthly, quarterly or yearly
• Make ledger entry lists for each depreciation book
• Standard depreciation methods straight-line, declining-balance or accelerated methods
• Combinations of declining-balance and straight-line (DB/SL)
• Define customized depreciation methods
• Separate and partially dispose of fixed assets
• Include photographs of fixed assets with their records

Insurance

• Monitor insurance coverage and annual insurance premiums of fixed assets
• See whether assets are under-insured or over-insured
• Allocate each asset to one or more insurance policies
• Index insurance amounts

Maintenance

• Record maintenance, service and expense information
• Integrate maintenance expenses with the general ledger

Allocations

• Allocate depreciation, gain/loss, or other types of entries to different G/L accounts
• Allocate depreciation of fixed assets to combinations of dimensions

Reclassifications

• Reclassify a fixed asset or part of a fixed asset