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Finance | Project Operations, Human Resources, ...
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Fixed Asset Acquisition

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Posted on by 149

We are using the Project Management and Accounting module and manage both Time & Material (T&M) and Fixed Price projects.

Our fixed assets are acquired through Purchase Orders that are linked to projects. Once the acquisition process is completed, the cost remains recorded against the project. We would like to transfer this cost from the project to the corresponding fixed asset while maintaining the relationship with the project.

Currently, we are handling this manually by creating an adjustment journal to move the cost from the project to the fixed asset.

Is there a standard functionality or recommended process in Dynamics 365 Finance that allows project-related acquisition costs to be transferred directly to Fixed Assets without requiring manual adjustment journals? Ideally, we would like the transaction to maintain a connection between the project and the fixed asset for reporting and tracking purposes.

Has anyone implemented a similar process or found a best-practice approach for this scenario?

Thank you in advance for your insights and recommendations.

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