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FA- Tracking Assets

  • 1.  FA- Tracking Assets

    SILVER CONTRIBUTOR
    Posted 7 days ago
    Hi All,

    My client has a threshold of $3000 for Fixed Assets. Basically any item purchased under $3000 will be expense in the same period. However, they want to track them in the fixed asset module. I was thinking to use Property type= Continuing property under the identification tab of Fixed Assets.
    We definitely want to track and should be able to run a report on this.
    Has any one used this functionality or know about this how this would function.

    Thank you for you help.

    Sudhir

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    [Sudhir] [Maharjan] [srmaharjan@hotmail.com]
    [AX Consultant]
    [SAGlobal]
    Lawrenceville NJ
    ------------------------------


  • 2.  RE: FA- Tracking Assets

    GOLD CONTRIBUTOR
    Posted 6 days ago
    Hi Sudhir,
    I haven't used the continuing property type, but I'm wondering what exactly you mean when you say you need to 'track' the asset.  If you just need an asset record but no transactions, then you can create the asset but not assign a book (or assign a book and deselect the 'calculate depreciation' check box).  If you want to track what the depreciation would be if it were a normal asset, then you can create a book with the 'Post to general ledger' box deselected.  Then post depreciation like normal, except it will only be booked to the subledger, so you can report on it but there won't be a GL impact.

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    Ryan Sorenson
    Sunrise Technologies
    Riverton UT
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  • 3.  RE: FA- Tracking Assets

    SILVER CONTRIBUTOR
    Posted 6 days ago
    Hi Ryan,
    Thank you for responding on this post. Just to give you a real scenario, ABC Company will be buying Laptops. Since their threshold is $3000 for capitalization, Any laptop below $3000 will be an expense. I am assuming all computers will fall under this category. ABC company wants to track these assets which has been expended (not for depreciation purpose as they have been expended) for internal control. We were thinking to track the asset in some way.

    thank you

    Sudhir

    ------------------------------
    [Sudhir] [Maharjan] [srmaharjan@hotmail.com]
    [AX Consultant]
    [SAGlobal]
    Lawrenceville NJ
    ------------------------------



  • 4.  RE: FA- Tracking Assets

    Posted 5 days ago
    Hi Sudhir,
                     We have the same requirement in our company. The way we manage it is to create 2 fixed asset group/value models. If I use your example, the first FA group/value model (Laptop >3000$) will use a fixed asset account for acquisition and will calculate depreciation. The second one (Laptop <3000$) will use an expense account for acquisition and will not calculate depreciation.




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    Christian Hetu
    Business Analyst
    BBA
    Mont-Saint-Hilaire QC
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  • 5.  RE: FA- Tracking Assets

    Posted 2 days ago
    Also keep in mind that in the October release of D365, Microsoft Asset Management will be released as part of the core product. It is also designed to track assets no mater if they are traditional fixed assets or just machinery/equipment you are tracking. On earlier versions of Dynamics, the same functionality is available through Dynaway EAM.

    This could also be a possibility for your scenario.


    https://www.dynaway.com/blog/dynaway-to-integrate-eam-software-into-microsoft-dynamics-365

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    Jesse Zdonek
    Business Development Manager - US
    Dynaway
    Greer SC
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