Thank you for the swift response Mr. Zelaya. I thought about the points you mentioned. However the situation is bit unique here. VAT is also applicable. On the original purchase of FA (valued above 6 million) VAT amount is calculated and goes to Purchase (Input) tax G/L Account which the customer can claim against VAT payable. Here, since the value of FA is above 6 million, the customer can show the VAT amount paid as expense in each year (until the life of the FA). For example, the VAT amount paid should be treated as some kind of deferral across years matching the FA life. I can use FA Journal. But asking customer to uncheck the G/L Acquisition Cost integration in Depreciation Book setup every time, not sure will be well received by customer. If I use FA G/L Journal to add value to the existing FA (sounds stupid because there is no G/L Account to credit at all) using some " Suspense Account" or "Opening Balance Account" on the credit side again system is throwing up error when I leave the Gen. Posting Type field on both debit and credit side. I think we will have to tell customer to approach us whenever they are going to acquire FA that is valued above 6 million. Commercially viable for us as consultant..:-). Atlast the FA Journal is the best option but customer wants the aggregated value to reflect in G/L. Thanks, Krish
↧