Fixed Asset Posting Profile Setup:Part-2 in Dynamics 365 Finance and Operations

Hello everyone, hope you all are doing well and staying safe. Thank for you for the good response of my last blog on posting profile, which made me write the next one on the same.

This time I have chosen a very important topic in which many of the new consultants’ struggle (I Struggled a lot in my initial Days).

So, the topic is Fixed asset posting profile for the complete asset life cycle from “Acquisition to Sale or Scrap”.

Let’s Start.

Note: Navigation is: Fixed Asset > Setup > Posting Profile

Example Chart of Account:

1. Fixed Asset Acquisition/Acquisition Adjustment:

2. Fixed Asset Depreciation/Depreciation Adjustment

• Fixed Asset sale/Scrap

This is most critical and confusing posting for most of the people. Asset sale can be done using fixed asset journal or free text invoice. Once we post the sale transaction, as per requirement asset value should be zero, accumulated depreciation should be Zero and asset sale profit. Loss should be recognized. In Dynamics 365 loss/profit does not get posted directly, but the net impact of this GL balance determines “Profit (Credit balance)- Loss (debit Balance).

That’s it for this blog,

Thank you for reading, I will be back with next blog soon. Keep sharing with your network.