Fixed Assets - Disposal as of a prior date?

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In my company, we often have the scenario where operations informs us (accounting) of an asset disposal after the fact. For example, on June 30th I am told that an asset was scrapped back on April 10th. By this time, we have already run depreciation cycles for April & May and those periods are no longer open, so the transaction must post in June.

How do I post a Disposal transaction in June so that AX reverses the excess depreciation and posts the correct NBV (as of April) to Gain/Loss?

Two notes, since all disposal questions tend to be answered the same way:

My posting profiles are already setup. I am asking about the transaction steps, not the configuration steps.
I do not have "free text invoicing" available. All my F/A transactions must be from Fixed assets>Journals>Fixed assets>.

Thank you,

:Brian

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Anybody? Any advice? Still an issue for me...

I'm trying to close June -- I've already run depreciation thru 6/30 -- and I was just told of disposals 4/29, 5/1, 5/9 & 5/31.

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Ludwig Reinhard Microsoft Employee on at

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Hi BHampel,

I have the following 4 parameters activated:

FA-Parameter form:

(1) Automatically create depreciation adjustment amounts with disposal

(2) Calculate prorated depreciation

Value model fixed asset

(3) Allow depreciation when place in Service and disposal are in the same year

(4) Create depreciation adjustment with Basis adjustment

Acquired a fixed asset on 1 Jan

Acquisition value: 6000$, 60 month depreciation, full month depreciation convention

Depreciation until June 30

Net book value 01 July : 5400$

Scrapped the fixed asset in an ordinary fixed asset Journal as of April 10

Got warning message that I ignored and posted the Journal

AX created a 300$ depreciation adjustment for April, May & June when posting the scrap transaction.

Please test this carefully in a demo environment if this works for you before applying this in a live system!

Hope those short notes help.

... and would be great if you could Keep us updated here.

Many thanks and best regards,

Ludwig

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Community Member on at

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Thank you, this is a solid lead that I will test.

Scrapped the fixed asset in an ordinary fixed asset Journal as of April 10

Got warning message that I ignored and posted the Journal

How do you enter a journal as of April 10, if you're in June? My system advances any past period dates to the open period when validating the journal (i.e. if I enter it as April 10, validating the journal will change it to June 1).

What was the warning message?

Thank you.

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Ludwig Reinhard Microsoft Employee on at

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Hi all my periods were open otherwise AX would not allow me posting in April and would not calculate the adjustment correctly. The warning said that depreciation amounts were already posted after the disposal date and that they might need to be checked. Ludwig

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