Allowing fixed asset to be acquired when posting Purchase order product receipt instead of posting invoice
Current behavior
In the current system design, when fixed asset is acquired through purchase order, the posting of product receipt only generates the fixed asset with book status 'Not yet acquired', with no Fixed asset subledger acquisition transaction. On the General ledger side, there ...
To assign fixed number with a year prefix which change every year
To auto assign fixed number with a prefix which change every year and then running number. Such as FA20240000001 for year 2024 and FA20250000001 for year 2025
After the feature “Create separate voucher number for journals line related to automatic depreciation adjustment, split transaction”, was on by default with version upgrade 10.0.41 our client has reported an issue for voucher imbalance error when trying to.
Repro steps:
Switch Entity: USMF
1) Go to Feature management >> select the Feature >>
The fixed asset posting profile should require two separate GL accounts: one for the profit and another for the loss on disposal or sale
Customer request is to have two separate GL accounts in the Fixed Asset (FA) posting profile—one for recording asset losses after the disposal of sale and another for profit. As there is a limitation in the current functionality, which only allows a single GL account to be designated for both ...
Perform automatic transfer for Fixed Assets in all derived books and layers, and that inherit financial dimensions
When a Fixed Asset is transferred with different derivative books and layers, the transfer of the financial dimensions must also be carried out in all the derivative books and layers, for their correct balance.
Since the transfer is not currently transferring for the derivativ...
Purchase Request does not display the Fixed Asset Group linked to the Procurement Category if the unit price is 0 and the threshold amount for FA determinations is also 0.
Issue statement –
In Purchase requisition, the customer selects a procurement category (PC). This PC is linked to Business rules for FA determinations where the threshold amount is 0. They enter the quantity and unit but leave the unit price blank. In the FA tab of Line...
Fixed Asset Journal
For general journals you can edit descriptions after posting through the edit list but you can’t edit description in the fixed asset journal list. I posted some opening balances during my migration with GL posting turned off so that it did not hit the GL (as opening balances were migrated sepa...
Fixed Asset Impairment
Add a new transaction type of 'Impairment' with its own posting profile and include it in the Fixed Asset Valuation view.
Public sector bodies often have to record an 'impairment' (damage to an asset that reduces its value).
It is a bit like a revaluation but the impairment needs t...
When proposing depreciation of a lump sum depreciable asset, each of the subject fixed assets should be totaled as a lump sum depreciable asset and divided by the number of years.
From asset management perspective, we would like to register each asset individually. But if those assets are the lump sum depreciable assets, currently we need that all acquisitions of a lump-sum depreciable asset must be posted to one.
If we could register each asset individ...
Having a “Summarize depreciation” option when posting accelerated depreciation
In Japan, usually, closing fiscal period monthly. It is called ‘月次締’.
The process as for the accelarated depreciation is as following:
1. Each month, post regular depreciation and all other transactions, and then close the month.
2. In the end of the year, when the...