Need to Calculate Depreciation on Negative Fixed Assets
Currently, the D365 system will not calculate depreciation on assets with a negative basis (acquisition price.) This is causing us to track these assets in Excel and manually record depreciation expense. Can you please consider adding this functionality?
Allow depreciation to be calculated on negative assets
When a negative fixed asset is acquired, you must set "allow negative net book value" on the fixed asset. However, when a negative fixed asset is depreciated Dynamics 365 for Finance and Operations cannot calculate a depreciation proposal. The periodic depreciation therefore must be calculated...
Thrilled to announce this feature released in 2022 Release Wave 1 APP 10.0.24.
Sincerely,
Mohamed Aamer
PM, Microsoft
IFRS16 - Leased Assets
A new international accounting standard for leased assets (IFRS16) has requirements to capitalise all leases regardless of whether they are financial or operating leases.
Microsoft have advised via the IFRS support document ( Read more...
Glad to share with you the ongoing incorporation effort to include Asset leasing module under Microsoft Dynamics 365 Finance to support IFRS 16 and US GAAP ASC 842.
Please review Wave 2 Release note.
Sincerely,
Mohamed Aamer
PM, Microsoft
Reversing the depreciation is not updating the fields 'Date when depreciation was last run' and 'depreciation periods remaining' in the asset book
After posting the depreciation for a fixed asset the values in the fields 'Date when depreciation was last run' and 'Depreciation periods remaining' are getting updated in the Asset Books. But when this depreciation transaction is reversed, these 2 fields are not getting back the original valu...
Glad to share with you the Date when depreciation was last run and depreciation periods remaining are updated in case of reversing depreciation transaction.
Mohamed Aamer, PM,
Microsoft.
Control of financial dimensions in derived books
In the fixed assets module, derived books trigger the same transaction types as defined in the books setup - derived books.
However, the use of financial dimensions is rather incomplete:
In the fixed asset journal, the entered financial dimensions are not applied in the deri...
Glad to share with you the defined financial dimensions on the journal level or journal line are copied to derived books.
Sincerely,
Mohamed Aamer
PM, Microsoft
Control on Fixed Assets multiple depreciation
When running a depreciation proposal for a set fixed asset and date, the system allows users to re-run the depreciation proposal for the same fixed asset and date and allows the same entries ...
Glad to share with you it is included in APP 10.0.21.
Regards,
Sincerely,
Mohamed Aamer
PM, Microsoft
Liability fixed asset
Companies with fixed assets that generate financial statements based on IFRS must revalue their fixed assets, e.g. aircraft and shipping companies. This may result in separate fixed assets that must be depreciated with a different service life than the fixed asset the new fixed asset is relate...
Thrilled to announce this feature released in 2022 Release Wave 1 APP 10.0.24.
Sincerely,
Mohamed Aamer
PM, Microsoft
Fixed Assets Depreciation proposal in batch generates multiple journals
Launching the Fixed assets depreciation proposal feature by using a batch job creates multiple journals. It seems that the number of lines of the generated journals is limited to 2000. Since we have 60 000 FA to be depreciated, this functionality creates more than 30 FA journals. The suggestion i...
Glad to share with you the number of books per journal have been exposed to the fixed assets parameter for acquisition proposal, depreciation proposal and summarized depreciation proposal.
Please check: Number of books per journal - Finance | Dynamics 365 | Microsoft Docs
Sincerely,
Mohamed Aamer, PM,
Microsoft.
Posting Vendor Invoice with more than one Fixed Asset lines
Companies which use the fixed asset functionality in vendor invoices (automatically create an fixed asset when product receipt/invoice posted) faces the problem that they cannot post invoices with more then one fixed asset lines. Companies regularly receive invoices from their vendor in which mor...
This is addressed.
Get default financial dimensions using Excel add-in for FA journal lines
The financial dimension values from the related Fixed Asset card should be automatically populated when booking accounting entries using Excel add-in for Fixed asset journal lines. This would be useful to book multiples accounting entries on Fixed assets (acquisition, depreciation, scrapping.....
Glad to share with you the defined financial dimensions on the asset book are are got defualted when publishing the journal from Excel add-in.
Please check: Propose fixed asset acquisitions - Finance | Dynamics 365 | Microsoft Docs
Mohamed Aamer, PM,
Microsoft.
Administrator
Thrilled to announce this feature released in 2022 Release Wave 1 APP 10.0.24.
Sincerely,
Mohamed Aamer
PM, Microsoft