When posting various Fixed Asset transactions, Dynamics 365 allows for posting control to the General ledger.
For example, if all asset additions, regardless of fixed asset group or category, will post to the General Ledger “Asset Additions” General Ledger Main Account.
Or, alternatively, this can be split by asset group – Motor Vehicle Additions, Fixture and Fittings Additions, Plant & Equipment Additions or Buildings Additions.
Best practice is to split by Asset Group.
Posting profiles also allow a breakdown of each asset transaction type, by depreciation book. For example, Acquisition can have multiple depreciation books – 20% straight line, 30% reducing balance etc.
Follow the steps below to set up the Fixed Assets Posting Profiles