Fixed Assets Annual Tax Deprication
SAGE has an annual software update that updates the changes to the IRS depreciation schedules for fixed assets. I'm working with a client that is considering not using the fixed asset module due to not having this functionality.
Depreciation periods remaining not updated for manually posted depreciation
If we are manually posting the depreciation, the "depreciation periods remaining" will not update. It is updating the “ Date when depreciation was last updated” but not the “Depreciation period remaining”.
Fixed Asset quantity must be updated after the split.
Split fixed asset functionality in D365 does not split the asset quantity. After the asset split is posted, the original asset quantity is retained in the old(original) asset and the new asset is assigned with the shared quantity from the old asset, hence overstating the total asset quantity i...
Thank you for the suggestion! We will track and consider this request for a future release.
Regards,
Kim Nelson, Program Manager
Microsoft
Depreciation Ceiling on Fixed Assets
According to the IRS federal guidelines, some assets such as luxury vehicles have depreciation limits. These limits are typically set on a yearly basis. This feature is missing in Dynamics 365 for Finance and Operations. We're currently replacing Oracle and this feature comes standard. Being a...
Thank you for your feedback. This is a great suggestion! We will consider this in our roadmap.
Sincerely,
Sara Schilke
PM, Microsoft
Fixed Asset Acquisition Additions Should Use Defined Deprection Convention
Microsoft Support Request #3831958 detailed the issue of fixed asset additions not following the same depreciation rules as the original fixed asset. The issue was described as follows:
- NEW ACQUIRED FIXED ASSETS should be depreciated as follows Thank you for your feedback. 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, Sara Schilke PM, Microsoft
Fixed Assets Transfer Order Workflow
Hi,
Currently no standard workflow for Fixed Assets Transfer Order is available in D365, through which approver can Approve, Reject or can delegate response to some other approver. This should work same as of other workflows (Purchase Order, Sales Order) available in D365.
...On reclassification of asset, new asset should have depreciation setup as per new group
As per current reclass functionality, new asset has depreciation method, service life etc. details of old group, which is incorrect.
Write UP/Down Value Adjustment of Fixed Asset
In case user Write UP/Down value adjustment of Fixed asset. After the adjustment system add/less the Value of asset whichever is at the start of year and start calculate remaining depreciation according to that value. Whereas System should charge remaining depreciation as per the value of asse...
Reclassification of Fixed Assets
When user Reclassify a Fixed asset from one group to another. System will start charging Depreciation at the Cost value of Asset which was given at the point of Asset Purchase. Whereas System should charge Depreciation at NBV (Net book Value) which was at the time of Reclassification.<...
Fixed asset transaction (Indian localization)
Fixed asset transaction report is not fetching the data for Indian localization while other legal entities are generating FA transactions.
Mohamed Aamer, PM,
Microsoft.
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.