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Adjusting Fixed Assets

  • 1.  Adjusting Fixed Assets

    Posted Aug 16, 2019 09:34 AM
    When adjusting a fixed assets value I was wondering if anyone knew the difference between using the transaction type Acquisition Adjustment, Write Up, or Write Down? Our company is currently in the process of upgrading from AX 2009 to D365 and we always use the transaction type Acquisition Adjustment when adjusting an assets value. This often occurs for us when we receive additional invoices for the project that we were not expecting and did not accrue for at the time of in-service. This can also happen when the invoice is larger than what we accrued (i.e. freight charges, etc.).

    I was wondering what other companies are doing in this type of scenario and in which circumstance you use Write Up/Down and Acquisition Adjustment.


    Thanks in Advance!

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    Hannah Larkin
    Dallas TX
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    Conference-AXUG_200x200


  • 2.  RE: Adjusting Fixed Assets

    SILVER CONTRIBUTOR
    Posted Aug 16, 2019 10:06 AM
    HI Hannah

    The first major difference is the GL code that's used when you post a transaction. When using an acquisition adjustment the subledger entry posts to a different GL code than if using write up or write down (Unless you set those to go to the same GL code). The other is how it appears on reports, it will either appear in the acquisitions bucket or the write up / write down bucket.

    From a less technical standpoint it can used to determine how you see the change. Was this a secondary purchase on the asset that raised the value, was it perhaps the purchase had some additional costs / taxes that raises the base value? Or was it because the asset was appreciated due to time or some external factors? Depending on that answer you would use acquisition adjustment or the write up.

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    Arush Kuthiala
    Western Computer
    Toronto ON
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    Conference-AXUG_200x200


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