[How to] Fixed Asset Acquisition Multiple times in MSD365 FO

Dear Dynamics 365 Lovers,

By god’s grace I wrote this article to describe how a fixed asset can be acquired multiple times in Dynamics 365 FO.

It’s a common practice for companies to make some adjustment and correct the asset values without reversing the acquisition, Dynamics 365 FO gives the privilege to the accountant to post multiple acquisitions as an when required

Business Scenarios

There are many scenarios and I tried to keep it simple and most common approach from business 

1. Accountant made some mistake and acquired asset with low amount, and they prefer not to reverse the transaction and instead make another acquisition for the same asset.
2. Sometime business decided to make another acquisition due to valuation of the same asset.

Without Configuration system does not allow to achieve this

Generally, if more than one time Acquisition is posted, system gives the error and it does not allow to post further acquisition if the asset is already acquired.

See below Fixed Asset Build000000001 is already acquired with 5000 value, and we shall try to acquire this one more time with more 500 to make it 5500

Now system is not allowing if we are making one more acquisition journal from Fixed Asset journal

It says “Posting results for journal batch number JLB000000024Voucher FAACQT000000003 Acquisition for fixed asset Build000000001, book BuildTax, already exists.”

Required Configuration

To achieve this scenario, its just so simple, all we need to do is below

Fixed Assets- Setup- Fixed Asset Parameter- Allow Multiple Acquisitions= ‘Yes’

Now we shall try to make acquisition for the same fixed asset Build000000001 by journal with 500 value and it will be posted 

Lets check the fixed asset transaction and we shall see there are two acquisitions as it was required.

And now, if we check the value, it will show as 5500 (5000+500) as acquired price, hence the requirement is met as per the expectation 

That's it  for this blog, I hope this will help you for this topic whenever required.

Stay blessed and stay connected