Fixed asset posting

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Posted on by MRizwan

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Hi all

Please advise, when a fixed asset is procured by the business, upon good receipt in D365 of asset, the bookings hit the P&L instead of the balance sheet.

Only when the invoiced has been processed in D365 is the value moved from P&L to the appropriate balance sheet from the fixed asset account.

As such this interim period between goods receipt and invoicing distorts the P&L to the tune of the asset value. This could be a material issue depending on asset value e.g. If a major piece of machinery is receipted a period before invoice .

Thanks

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OsmanIstanbul 2,820 on at

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Hi,

How do you acquire fixed assets in d365? do you use purchase order, invoice journal or from inventory to fixed asset journals?
MRizwan 224 on at

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Hi

Via Purchase order

Thanks
OsmanIstanbul 2,820 on at

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Hi,

Do you post physical inventory or just financial inventory? Because we are using the same scenario and posting just financial to fixed asset acquire accounts which are balance sheet.
MRizwan 224 on at

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Thanks

How do you post-financial to fixed asset account? Please send me the steps which you follow thanks
OsmanIstanbul 2,820 on at

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Hi,

Create a fixed asset, add a book to FA. Then create a purchase order and add a non-stocked item. this is a dummy item. then create a pending vendor invoice from po. on pending vendor invoice line details, select your fixed asset. the system will get FA acquisition account instead of purchase expenditure for expense account. then post it. You can apply the same steps without po, just create pending vendor invoice with a non-stocked item and apply remain steps. You can create your fixed asset with pending vendor invoice automatically also.

Best