Fixed Asset Retirement Obligation Functionality for USA (Country specific)
Currently in D365 Asset retirement functionality is enabled for JPY (country specific) we would like to get this functionality for USA (country specific) which includes ARO liability recognition, amortized, accrual and asset retirement liability.
Fixed asset - cash discount deduction - negative net book value
Hi,
A fixed asset can be acquired and fully depreciated to a net book value of $0.00. If the deduct cash discount parameter is active and the invoice is paid after the fixed asset is fully depreciated, a negative net book value can result.
Thank you for the suggestion! Currently the payment with cash discount needs to be posted to a fixed asset, the system validates if the book is closed and if the NBV will be negative the payment transaction will not affect the fixed asset book.
Regards,
Mohamed Aamer, Program Manager
Microsoft
Fixed asset depreciation rounding form
In Finland tax law sets limit to maximum depreciation amount. In D365 it is not possible to set rounding form for fixed asset depreciation. Can you consider the possibility to add a new parameter to set rounding form downward so the maximum amount set by tax authorities is not exceeded?
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The depreciation periods should consider number of days logic for leap years
Issue description: The system does not consider Leap years while calculating the depreciation periods. The issue is closed as by design: https://fix.lcs.dynamics.com/Issue/Details?bugId=391951&dbType=3&qc=09265b9271d5a84764ae14419c64da38d9532c3eb69795d89ccd960d29980ac3 Workaround: We need to cr...
Depreciation proposal calculates questionable amounts
When posting an acquisition in january and posting an acquisition adjustment in march at the same time and then the user starts the depreciation proposal (for april) the system calculates questionable depreciation amounts for this fixed asset.
Possibility to run depreciation for fixed asset with negative acquisition value
Several customers have fixed assets With negative acquisition values. In the present solution, these fixed assets are not included in the depreciation proposal, and must therefore be handled manually. We suggest that it should be possible to include fixed assets with at negative acquisition va...
Thrilled to announce this feature released in 2022 Release Wave 1 APP 10.0.24.
Sincerely,
Mohamed Aamer
PM, Microsoft
Tick box not allowing Round off depreciation parameter to apply for a final depreciation payment
When the Round off depreciation parameter is set to 1.00, the system creates an additional depreciation period where the remaining cents between 0.01 to 0.49 to be depreciated.
The idea here is the following:
Within the book setup, when the user inserts in the...
Fixed Asset Reclassification
After running the fixed assets reclassification proposal, the book in the newly created fixed asset remains the same of previous fixed asset group.
Since we have reclassified assets to a new group, that new group’s book should be refl...
Transfer for Fixed asset
Once you transfer a fixed asset, all Financial information is transferred (Acquisition value + Depreciation). It would be desirable if just 'Net book value' amount is transferred. See for reference: Issue 368671Transfer for Fixed asset
Mohamed Aamer, PM,
Microsoft.
Depreciation proposal and posting issues.
Tested the scenario in USMF legal entity.
1.Go to Fixed asset > Setup > Depreciation Profiles > Click on New > Mention as Test > Method – Straight line service life > Depreciation year as Fiscal > Period Frequency as yearly
2.Go to Setup &...
Administrator
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.