Fixed Asset - GL reconciliation information
Hi, Currently, we do not have a report that allows us reconciling fixed asset and ledger balances. It would be great if you could either create a new reconciliation report or - alternatively - add the following columns to the fixed asset balances report: - Acquisition date - Amortization perio...
Derived Books are not populated when splitting fixed assets
We are using Split asset Function and our FA books are having derived books setup. When we are splitting fixed asset, derived books are not populated into the journal created. This should work similar to FA aqcuisition and FA depreciation journals . referance https://fix.lcs.dynamics.com/Issu...
Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.
Sincerely,
Mohamed Aamer, PM,
Microsoft.
Allowing received and invoiced item quantities to be split into individual fixed assets.
When purchase lines are marked create new asset, and the items are received and invoiced as new fixed asset only one fixed asset is created, even though the qurantity is more than one. The invoiced quantity is admittedly present on the fixed asset, but in some scenarios there is a ne...
Thank you for your feedback. This is a great suggestion! We will consider this in our roadmap.
Sincerely,
Sara Schilke
PM, Microsoft
Fixed Asset NBV (Net book Value) Detailed Report
The fixed asset module is missing a singel detailed report which includes the following:-
1. Opening NBV balance
2. Opening Acquisition Cost
3. Additions for period
4. Opening Disposal amount
5. Disposal for periods
6. Closing Acq. ...
Updating status to planned short-term.
Parameter "Allow depreciation when placed in service and disposal are in the same fiscal year" should be defaulted in Fixed Asset Parameter
Parameter "Allow depreciation when placed in service and disposal are in the same fiscal year" needs to be activated on each single fixed asset book. This is the only parameter, which cannot be activated either on Fixed Asset Parameter form, Fixed Asset book setup or Fixed Asset group setup. The...
Depreciation adjustment should use historic exchange rate for reporting currency.
When a depreciation adjustment is made to a fixed asset, the exchange rate taken to convert accounting currency into reporting currency is the transaction date. This is causing inconsistencies in the reporting currency when the asset is fully depreciated. The suggested behavior would be to use th...
Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, besides if there are accounting standard you could share to support the idea that would help. We may consider it in the future.
Mohamed Aamer, PM,
Microsoft.
Have a dynamic "as of date" for running the fixed asset depreciation proposal in a batch job
If would be useful if instead of having to select a date on the fixed asset depreciation proposal form we could select other criteria such as last period fiscal day or last year fiscal day etc... This way we could set the depreciation proposal to run in recurring batch jobs.
Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.
Mohamed Aamer, PM,
Microsoft.
Add an option to have placed in service equal date to acquisition date.
In Fixed asset parameters, we should have an option to have placed in service date = acquisition date. If this option is NO, Customer should be able to select placed in service directly in acquisition journal. If placed in service is then empty, then deprecation should be blocked. Some custo...
Mohamed Aamer, PM,
Microsoft.
Retain fixed asset name when acquired through AP invoice
If a fixed asset is acquired through a PO, the 'Text' (from the Line details section, General tab) is saved as the fixed asset name. Please amend the design for the fixed asset name to be retained in the same way when acquired through an AP invoice (pending supplier invoice), as currently there i...
Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.
Sincerely,
Mohamed Aamer, PM,
Microsoft.
Automatically trigger the checkbox “Create a new fixed asset” setup of the business rules, directly through "Vendor invoice"
Currently, based on the "Business rules for fixed asset determination" procurement setup, certain purchases can be automatically treated as fixed assets if the purchase price item exceeds a monetary threshold, ONLY if we use purchase order module. If we use "Vendor invoice" directly, the system...
Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.
Sincerely,
Mohamed Aamer, PM,
Microsoft.
Administrator
Thank you for your feedback. This is a great suggestion! We will consider this in our roadmap.