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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Transfer of Inventory ...
Microsoft Dynamics AX (Archived)

Transfer of Inventory to Fixed Asset from Inventory to FA Journal

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Posted on by Community Member

I did transfer of Inventory items of INR 30,500 from Inventory to FA Journal, but the cost amount updated on the FA is Zero. The Inventory action tab on the FA card shows inventory transaction with (-30,500) value but the cost amount is not getting updated in FA. 

Any help here?

 

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

    Hi, How is the item that you posted in the journal setup? Have you setup a cost Price for it? Have you recorded any transaction for the item previously with a cost price other than 0$? Would be good if you could provide us some more Information. Thank you, Ludwig

  • amit.nysa01 Profile Picture
    amit.nysa01 85 on at

    Hi 

    I also face this same problem, I bought a item with 10 quantities 1000 rs each, then I am trying to do inventory to FA journal through particular items is showing Zero . If i missed any setup of cost then please let me know. Why it is showing zero please share your knowledge.

    What will happen if I again buy this item with 10 qty 500 each, then what cost amount will come in Inventory to FA Journal. It will take average or what will take.

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi amit,

    What cost price do you see in the released product form?

    Best regards

    Ludwig

  • amit.nysa01 Profile Picture
    amit.nysa01 85 on at

    Hi Ludwig

    Actually my cost price is showing Zero under release product. if I enable the latest cost price check box in release product under manage cost, then lastest cost price is come in inventory to fixed asset journal cost price is 2000/- but Fixed asset is posted with average cost price. 6000/- So please explain me if any option is there to update balance of the fixed asset based on FIFO/LIFO without average cost method

    For example

    I  bought 1 mobile of rs 10000.

    I again bought same mobile qty 1 of rs 2000

    Total Qty is 2 and total Value is 12000/-

    When i am doing Inventory to fixed asset journal then my cost is coming 6000/- based on average, while my inventory model is FIFO.

    So please explain me any setup I forget or this is standard functionality.

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello amit.nysa01,

    There is no option available to retrospectively update the fixed asset value that is transfered from inventory e.g. according to FIFO, LIFO or another valuation method. If needed you either have to develop this yourself of submit a product improvement suggestion to MS on the ideas/experience site.

    Best regards,

    Ludwig

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