Registering Opening EntriesThis is what NAV 5.0 online help says can somebody
explain why this is so ?
To Register Opening Entries:
Make sure that you have completed the basic setup procedures for Fixed
Assets.
Create a fixed asset card for each existing asset.
Set up FA depreciation books.
Deactivate G/L integration. Open the Depreciation Book Card
window. On the Integration tab, make sure all
fields are blank (remove all check marks). If you have more than one
depreciation book, deactivate G/L integration for each one.
In the FA journal, enter three lines per asset: one with the acquisition
cost, one with the accumulated depreciation to the end of the previous fiscal
year, and one with the accumulated depreciation from the beginning of the
current fiscal year to the date the program is to start calculating the
depreciation. If you have other opening balances, you can enter them as well
(for example, write-down, appreciation, and so on).
When you have entered and posted the journal lines for each asset, remember
to activate G/L integration again.
If the fixed assets are not integrated with the general ledger, omit steps 4
and 6.
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