D365F&O | Fixed Asset Acquisition, Depreciation And Sale

Hi Folks,

Greetings!

In this blog post, I will cover the Fixed Asset Acquisition, Depreciation and Sales Process. These process will be covered by using the standard Fixed Asset Module available in Microsoft Dynamics 365 Finance and Operations.

Here is the list of task which will be performing throughout this process

• Create Fixed Asset In Fixed Asset Master
• Fixed Asset acquisition by using the Fixed Asset Acquisition Journal
• Fixed Asset Depreciation by using the Fixed Asset Depreciation Journal and
• Fixed Asset Transaction Reversal 
• Fixed Asset financial Vouchers 
• Fixed Asset Sales By using Free Text Invoice

Fixed Asset Master

Create a new Fixed Asset In Fixed Asset Master form. 

Enter the fixed asset group and the number for the fixed asset. 

Enter technical information and insurance details for the fixed asset

Enter location and structure for fixed asset 

If required upload the image for the fixed asset

Create the Books record for the fixed asset

Once the fixed asset created in the fixed asset master, the fixed asset status is "Not yet acquired"

Select the depreciation profile and service life for the fixed asset 

Enter the employee name and date if you want to lend the fixed asset

Fixed Asset Acquisition

There are a couple of methods to acquire fixed assets in D365F&O. We can acquire through PR, PO or directly from fixed asset acquisition journal. 

If you are acquiring the fixed asset from acquisition journal make sure to create the fixed asset in fixed asset master. 

Path: Fixed asset module> Journal entries> fixed asset journal

Create fixed asset acquisition journal

Create lines for the acquisition journal 

The business user can print the fixed asset acquisition journal before and after posting the journal 

Once the fixed asset acquisition is posted, the fixed asset status is "Open"

Fixed Asset Depreciation

Path: Fixed asset module> Journal entries> fixed asset journal 

Create new fixed asset journal to run the depreciation for the fixed asset. Click the lines and run the depreciation proposal for fixed asset

Select date and asset for the fixed asset depreciation

Validate and post the fixed asset depreciation

Print the fixed asset depreciation

Check the fixed asset balance once the depreciation is posted for the fixed asset

In the fixed asset inquiries form, check the acquisition and depreciation record posted for the fixed asset 

Fixed Asset Transaction Reversal

The business user can create the Fixed asset depreciation Reversal, enter the reversal date  

Transaction reversal Posted

Fixed Asset Financial Vouchers 

Fixed asset acquisition voucher

Fixed Asset Depreciation Voucher 

Fixed Asset Depreciation Reversal Voucher 

Fixed Asset Sale 

In order to perform the sale for the fixed asset, use the Free text invoice standard functionality available in accounts receivable module. 

Path: Accounts receivable> Invoices> Free text invoices 

Fixed asset sales by using Free Text Invoice

Select the fixed asset for sale

Once the free text invoice posted, the status is completed.

The fixed asset status is Closed. 

Check the balance for the fixed asset

If you have any feedback or comments feel free to share. 

Thanks,

Ali Danish

Microsoft D365F&O Consultant