Fixed assets Features, capitalization & depreciation John Wainwright | Columbus Global

Agenda Fixed Assets Overview System Setup for Fixed Assets System Setup for Forms Asset Transactions Reporting

Fixed assets - Objectives Define fixed assets. Examine required functionality for fixed assets. Review the integration of the Fixed assets module with General ledger, Accounts payable, Accounts receivable, Project accounting, and Inventory management modules.

Fixed assets overview

Fixed assets - overview

Fixed assets - overview What are fixed assets? What is the reason for having a dedicated fixed assets module in Dynamics AX? So how do we account for Fixed assets? Current (Cash, A/R, Prepaid expenses, Inventory) vs. Fixed (Buildings, Machinery, Computers, Cars, Copyrights/Trademarks as Intangible Assets).

Fixed assets - structure

Fixed assets - structure Fixed Assets Form Interfaces to the Fixed Asset table. Ability to record both financial and non-financial information about the asset. Fixed Assets Transaction Recording Record asset transactions such as Acquisition, Depreciation, Value adjustments, and Disposal by sale or scrap. Reporting

Integration with other modules

Fixed assets – integration with other modules General Ledger - Achieved through setup of Fixed Asset Posting Profiles Procurement and Sourcing - Assigned on the PO line with the Fixed Asset number, Value Model, and Asset Transaction Type Inventory Management - Achieved through the Inventory to Fixed Assets journal. Accounts Payable - Assigned when you enter the invoice in an invoice journal or vendor invoice. Accounts Receivable – Assigned on Free text invoices via the Fixed asset number and Value model. Projects – You can eliminate a project to a fixed asset. Not showing Project – just describe that it can integrate.

Fixed assets demonstration

Final reminders CPE Credit Code: 53C2 Complete Surveys

Speaker contact info John Wainwright Columbus Global jwa@columbusglobal.com