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Fixed assets: Legal requirements for US companies in line with IRS regulations.

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Our US companies use D365 F&O as ERP system but for fixed asset they operate with Sage. We would like to harmonize the usage and also shift to D365 fixed asset module. What is missing compared to Sage ist the content provide regarding the tax rules of US authorities in line with IRS.

For that reason we need a similar add on for D365 F&O fixed asset module. The module must provide the regulations as useful life, percentage of depreciation and so on. So that the different types of fixed assets are written off correctly.

Is there any add on for that purpose from Microsoft or third software provider supporting that functions? Or is there any possibility setting these up?

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    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,278 Super User 2025 Season 1 on at
    RE: Fixed assets: Legal requirements for US companies in line with IRS regulations.

    I'm with Morgan.  I've never seen a scenario where the Fixed asset module doesn't handle all required depreciation methods.  You seem to be seeking alignment with IRS regulations as part of the configuration process.  I've never seen this requirement from a client before nor any 3rd party product that provides this.  That said, F&O will not produce your IRS tax reports as Sage can.  Most clients export their fixed asset records and send them to their accounting firm for IRS filing.

  • Morgan Bazin Profile Picture
    Morgan Bazin 44 on at
    RE: Fixed assets: Legal requirements for US companies in line with IRS regulations.

    Fixed asset documentation is here: Fixed assets home page - Finance | Dynamics 365 | Microsoft Learn

    I've not encountered a situation where the D365 FA module was insufficient from an available data point of view. There may be specific reports that would need developing to meet a specific regulatory need, but the data should all exist.

    Can you clarify what you feel is missing from D365?

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