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1.  Fixed Assets-Initial Load and Acquisition Journal

Posted 10 days ago

So our implementation continues.  My latest challenge is when recording the acquisition journal for the initial load of assets, it is creating the tax books per the derived book process.  It's doing just what its meant to do.  HOWEVER, we have MANY assets where the basis is different in the GAAP book versus the various TAX books (impairments, etc.)

So, my hunch is that I need to turn off the derived book process for the Acquisition transaction type for the initial load only, and create acquisition journals for each of the books.  (We are in D365FO.)

Thoughts?  Suggestions?

Thanks,

Jeff



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Jeff Atchison
Build-A-Bear Workshop, Inc.
St. Louis MO
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2.  RE: Fixed Assets-Initial Load and Acquisition Journal

Posted 10 days ago
​Hello Jeff,

Do you have differences in the GAAP and TAX books in regards to the acquisition transactions, such as acquisition amount, acquisition date, etc?
If this is the case you can turn off the derived book integration.
Otherwise, I cannot see a reason why this needs to be done.

(Note: I assume that you work with a single posting layer; if you use multiple layers for your books then you are absolutely right)

Best regards,
Ludwig

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Ludwig Reinhard
SYCOR GmbH
Goettingen
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3.  RE: Fixed Assets-Initial Load and Acquisition Journal

Posted 9 days ago
Hi Jeff,

You are right, if your basis is different, you'll turn off derived books as you are loading beginning items (or go adjust after the fact), and then turn them back on.  Be sure to load two acquisition transactions for each book and then don't forget about accumulated depreciation being loaded twice for each book.

Shirley


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Shirley Adams
AKA Enterprise Solutions
New York NY
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4.  RE: Fixed Assets-Initial Load and Acquisition Journal

Posted 9 days ago
​Ludwig, we are using current layer for the gaap book and tax layer for the tax books.

Shirley, can you clarify your point about loading 2 acquisition journals per book?  I can understand loading two accumulated depreciation (bonus and LTD accum in each tax book) but not sure why 2 acq journals.  Keep in mind we are going live at the beginning of a fiscal year.

thanks !

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Jeff Atchison
Build-A-Bear Workshop, Inc.
St. Louis MO
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5.  RE: Fixed Assets-Initial Load and Acquisition Journal

Posted 8 days ago
Edited by Shirley Adams 8 days ago
Stacy answered for me :) - yep, if it's not automatically adding the additional books (which is what you are turning off), you need to do acquisition for each.  Re-reading what I wrote, it does sounds like I was saying two for each book, but it's actually one per book.

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Shirley Adams
AKA Enterprise Solutions
New York NY
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6.  RE: Fixed Assets-Initial Load and Acquisition Journal

Posted 9 days ago
Jeff,

Your hunch is correct.  You need to remove the derived books and then load two journals (one for each layer).

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Stacy Black
Senior Application Consultant
mcaConnect
Denver CO
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