web
You’re offline. This is a read only version of the page.
close
Skip to main content

Notifications

Announcements

No record found.

Community site session details

Community site session details

Session Id :
Finance | Project Operations, Human Resources, ...
Suggested Answer

Fixed assets already depreciated - How to best work with the accounting values

(0) ShareShare
ReportReport
Posted on by

Hello!

I am going to setup and import fixed assets in D365 from an external system.

I will first enter the separated items and add them to fixed items groups. I will also 
enter information about depreciations periods, the accounts for posting profiles etc. 

Since most of the fixed assets are available in another system they have already been 
entered the accounting and some of them have accumulated depreciations for more than 2 years.
The balance sheet and P/L are also entered in D365 already, meaning that the accounts values are in the ledger.

What would the best way of entering the acquisition and accumulated depreciations on each fixed item be?
To reverse bookkeeping and then run deprecitions? That is the way I want to avoid consider periods on hold. 

Another way I am thinking about is to do the posting of the accounting to get the correct NBV using statistical account to not affect the ledgers? 
That is the way I think can be the easiest and safest way, but there might be an even better way for this?

Any suggestions from others in the group?
If there are any links with practical examples I would be glad to receive this. 




I have the same question (0)
  • Suggested answer
    BillurSamdancioglu Profile Picture
    19,703 Most Valuable Professional on at

    Hi,

    For migrated fixed assets you may check this blog.

    www.linkedin.com/.../

  • Suggested answer
    BillurSamdancioglu Profile Picture
    19,703 Most Valuable Professional on at

    For Migration, you may check this blog.

    www.linkedin.com/.../

    You may not run the depreciation but to post the journal as one line for depreciaton like acquisition

  • Suggested answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    46,623 Super User 2025 Season 2 on at

    I've done this both ways.  Importing the assets and running depreciation from acquisition date to current date is actually easier but it requires the setup of many historical fiscal years. 

    Most clients opt to import the assets, acquire them, and then post accumulated depreciation via depreciation journal, which establishes Net Book Value as of cutover date.  You don't have to use a statistical account for the offset.  You can use a suspense account for the depreciation offset (and acquisition offset, for that matter), then post a clearing entry after migration or you can set the Posting profiles to debit/credit the same account temporarily and then update the posting profiles after migration is complete.

    Either way works equally well.  

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Responsible AI policies

As AI tools become more common, we’re introducing a Responsible AI Use…

Neeraj Kumar – Community Spotlight

We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…

Leaderboard > Finance | Project Operations, Human Resources, AX, GP, SL

#1
Martin Dráb Profile Picture

Martin Dráb 663 Most Valuable Professional

#2
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 540 Super User 2025 Season 2

#3
Sohaib Cheema Profile Picture

Sohaib Cheema 348 User Group Leader

Last 30 days Overall leaderboard

Product updates

Dynamics 365 release plans