Dynamics Community Forum Thread Details

Multiple Fixed Asset Acquisitions through Purchase Orders

We are planning to purchase Fixed Assets on a Purchase Order with the following configuration:

1.Fixed Asset numbers will be manually created and attached to the PO. - New fixed asset numbers will not be created by the PO process.

2. Fixed Assets will NOT be acquired at time of PO receipt or PO invoice. All costs will be record to CIP. Assets will be manually acquired on a FA Acquisition Journal.

3. Multiple acquisitions will be allowed.

Issue:

A PO is created for an Asset that has already been placed in service. When this PO is invoiced, the costs are recorded to CIP, the Acquisition Price on the value model is increased by the amount of the invoice, but the Fixed Asset balance is not updated. It appears that the additional cost must be manually acquired on a FA Acquisition journal in order to update the FA balance.

Question:

1. Is there a way to post a fixed asset acquisition transaction when a PO is invoiced for a Fixed Asset in OPEN Status?

2. How can these non-acquired costs be easily identified so that Acquisition journals can be created?

Hi Marilyn Wimbley,

Can you describe a bit more on the following sentence?

When this PO is invoiced, the costs are recorded to CIP, the Acquisition Price on the value model is increased by the amount of the invoice, but the Fixed Asset balance is not updated.

With CIP, you refer to the ledger account right?

When you say that the acquisition price is increased by the amount of the invoice, do you refer to the fixed asset value in the FA module or the acquisition price field in the values model of your fixed asset? Do you get a transaction recorded for your fixed asset in the FA module when posting the invoice?

You process is not absolutely clear to me and it would be great if you could provide some more details and possibly screenprints.

Many thanks,

Ludwig

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