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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Project :Reverse elimi...
Finance | Project Operations, Human Resources, ...
Answered

Project :Reverse elimination after transfer to fixed asset

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Posted on by Claus Warmdahl 5

Hi

My customer like to have a process where I am working with a investment project to collect project cost during the complete development cycle

My customer like to transfer the value of the investment project on a monthly basis to the fixed asset module to an asset under contraction. The first date in the following month should the value be transferred back to the investment project.

I was planning to use the reverse elimination to support this process, but after a estimate is eliminated for a investment project is it not possible to reverse the elimination or any other menu items in the elimination form.

Is it not possible to use reversal of eliminations for investment projects or am I missing a parameter.

I look forward to any reply that can help me in this area.

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I have the same question (0)
  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Claus,

    Why is it that you want to transfer the value back to the investment project the first day of the following months?

    Using the elimination and reversal functionality will be a hassle as you will get a lot of transactions posted and might lose oversight.

    What you can possibly do is calculate the value with the help of electronic reporting, fill a GL journal that makes use of the reversal voucher functionality and then post this GL journal. That sounds easier and better than using the reversal and elimination functionalities on a monthly basis.

    Best regards,

    Ludwig

  • Claus Warmdahl Profile Picture
    Claus Warmdahl 5 on at

    Hi Ludwig

    Thanks for as fast reply.

    The customers requirement is to do acquisition of the fixed asset to a temporary asset under construction and then reverse it to be able to make a new acquisition the following month.

    When the project is completed will they eliminate the investment project to a new fixed asset.

    They have a requirement to be able to use the fixed asset note as part of the reporting and that is why it is not enough to look at the WIP and it also require the project dimension.

    Today they create a fixed asset journal manually ,  based on the WIP report, but I like to automate the process.

    I guess electronic reporter can be an option, if it can export the WIP including the project, without a financial depensation and then import into a journal with the project number as the asset number. Do I need to build a flow to automate the process or do you see a better solution.

    It is still not clear for me if it is possible to reverse an elimination for a investment project.

    Best Regards

    Claus

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Good morning Claus,

    It sounds as if electronic reporting can handle your requirement. What you describe sounds doable but you will need some experience with electronic reporting and the table and data structure where to extract the information from. If you have that then things should be quite easy and smooth.

    An alternative to an electronic reporting solution might be the use of subprojects. If you create a subproject for each month and then shift the costs month-by-month to your fixed asset things should work as well. Have you tried that alternative already?

    Best regards,

    Ludwig

  • Claus Warmdahl Profile Picture
    Claus Warmdahl 5 on at

    HI

    Thanks for your reply

    Subprojects is not a good solution as it will require to much admin

    1) New projects must be created

    2) User need to change project every month (Time registration, expense management and invoice coding)

    I will go with your proposal for electronic reporting  to export the right data and to import into a journal. I will have a look at your post regarding this subject.

    dynamicsax-fico.com/.../

    Thank you very much for your input

    Best regards

    Claus

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