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

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

3. 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.

4. Fixed assets overview

5. Fixed assets - overview

6. 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).

7. Fixed assets - structure

8. 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

9. Integration with other modules

10. 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.

11. Fixed assets demonstration

12. Final reminders
CPE Credit Code: 53C2 Complete Surveys

13. Speaker contact info
John Wainwright Columbus Global