The main reason for setting up budgeted assets is to calculate future depreciation on assets. But you can also use the budgeted asset to monitor the Fixed Asset acquisitions, this is to make sure the team spend within the budgeted limit that set by the management. The budget control can come into control when you are preparing to purchase the fixed asset, you must create a new asset to capture the actual acquisition cost and link to the Budgeted Assets either through Purchase Invoice, Fixed Asset G/L Journal, or Fixed Asset Journal. Once purchased, you can compare the budgeted cost to the actual cost. By setting up the Budgeted Assets, this will also help to get the future depreciation for the budgeted assets. Say if you are going to purchase assets next year, and you are preparing budget for next year, you can get to know how much is the total depreciation that you are planning to acquire for next year. Create Budgeted Fixed Asset Page: Fixed Asset If you are ...
Answers to the Business Central questions I'm asked most — month-end, fixed assets, dimensions, and the ones that stop you posting. New here? Open Start Here in the menu above.