How to create and acquire a fixed asset by purchasing in Dynamics 365 Finance

[@igazipur]

Jajak-Allah, very nicely demonstrated.

[@FortShade479]

Thank you so much for this useful demonstration. My organization uses purchase requistions for approval that is then followed by a purchase order creation if approved. How will this affect the process of setting up a fixed asset? Thank you for your help!

[@ShabirAhmad-lw4yq]

Great Work

[@subakchettri9080]

Hi sir, when purchasing bulk assets, depreciation value starts on the date of invoice registration. However, we are encountering issues where assets are depreciating on the same date as the invoice registration because we install assets on different dates. Could you please assist me with manually setting the depreciation time?

[@umairzafar7927]

Jazakallah hu khr, May I Know What is the GL impact at the time of Asset Receipt ?

[@PirKhurramRashdi]

Well it depends. At Acquisition normally Asset is Db, and Cr goes to Cash.

[@senthilkumarpatchai7309]

Sirji Excellent, May I know which GL account tag is in the "Computer "Procurement Category? Can you please let me know why Retained Earnings account tagged . Dr Control account (Computer) Cr Asset Clearing account. When you book the invoice then Cr Account Payable and Dr Asset Clearing account. I just wanted to know what account mapped in the procurement category.

[@PirKhurramRashdi]

Only for example clearing account retained earning (Balance sheet account) was tagged. Dr Asset account, and Cr to clearing account in this case. Procurement category is not mapped with any account in Inventory posting profiles.

[@thopurivijay]

Sir while acquiring the Fixed asset through PO from Procurement category you have select the fixed asset group so how you have configured that one, could you please suggest me

[@PirKhurramRashdi]

In Fixed asset module, you can setup Fixed asset groups, and it should have auto number enabled with a number sequence for each.

[@altafqayyum7088]

This is the topic in which I fail my finance certification exam.