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I recently started using D365 fixed assets. In other systems I have used, there has been a specific year-end close procedure that had to be run for the fixed asset module. Is there a specific year-end close procedure for D365 fixed assets, to roll the fixed assets to the next fiscal year? I have looked around a lot, but cannot find any guidance on this question.
HI,
I could find the below link which explains the procedure for fixed assets in GP
KB - The year-end closing procedures for the Fixed Asset Management module in Microsoft Dynamics GP
Microsoft Dynamics GP Year-End Update 2019: Fixed Assets - Microsoft Dynamics GP Community
It may also help for AX.
Thanks,
Sheela
Thank you, Sheela. Unfortunately, this guide does not seem applicable for D365. I have looked around a lot, and cannot find any guidance on a year-end procedure specifically for fixed assets. I don't see anything in the fixed asset menu in D365 that says "year end close" or anything like that. But I don't want to just assume there is not a year end close procedure required for fixed assets.
Is there any documentation on this question specifically for D365? Or perhaps a long time fixed asset module user who can chime in?
Hi CMCLAIN,
I am not aware of a specific year end closing procedure that would be required for fixed assets.
The fixed asset balances are rolled forward automatically by running the fiscal year close process.
Is there anything else you are looking out for?
Best regards,
Ludwig
Thank you, Ludwig. I think that answers my question. I am just brand new to using D365 fixed assets, and wanted to make sure we didn't miss anything when closing out the fiscal year. I have worked in other fixed asset systems (SAP, JD Edwards) that have required specific year-end close procedures for fixed assets, so wasn't sure if something similar is required in D365. It sounds like there isn't, and that the fiscal year close process will take care of rolling the fixed asset balances.
I appreciate the help!
Hi
You don't even need to perform ledger year end close in d365 for fixed assets. Depreciation will work without year end close.
We close fiscal year on march generally in Turkey and it is not problem for fixed asset module.
Regards
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