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Finance | Project Operations, Human Resources, ...
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Unable to import fixed asset tax book to D365 finance and operations

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Hi,

I am not sure how the status of fixed asset work in D365 finance and operations. I try to manually add a tax book for a fully depreciated asset, under the depreciation periods, I entered 92, under the filed for depreciation periods remaining, I entered 0, but it does not allow me to input 0, the system automatically correct it to 92. And the status is not yet acquired. Can you please advise how can I add in a partially depreciated asset to D365 F&O?

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I am trying to import the tax book for fixed assets into D365 finance and operations, I have opened fixed asset book V2 in excel and added in the information relating to tax layer of the fixed asset. But when I click publish, it has the error message of “validate field failed on “AssetBookV2EntityStatus”. The tax book I try to add is a closed book asset, it has already been fully depreciated, the depreciation periods is 93 and depreciation periods remaining is 0. Can you have a look and advise how can I import tax book for partially/fully depreciated assets into D365 F&O?

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  • Suggested answer
    saurabh bharti Profile Picture
    15,055 Moderator on at

    Hi,

    If this is migration/cutover activity where you are moving assets from legacy system then, you must use following steps : 

    1. Import asset to assign asset  number

    2. Import /update asset book where you can specify acquisition date , amount, service life and remaining depreciation period 

    3. If asset is fully depreciated which means it will have same accumulated depreciation as acquisition value , so specify remaining period as 1

    4. Post acquisition journal

    5. Post depreciation journal for accumulated depreciation which will make remaining from 1 to 0 and asset will be closed.

    All this you can do at last date of previous month when system is going live. 

    Here is one blog for migration approach:

    exploredynamics365.home.blog/.../

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