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 and posted manually via a journal. This is time consuming when it could just be calculated in the proposal. Please allow negative assets to be included for depreciation in the depreciation proposal.
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Today is June 24/2022 still waiting for the fixed asset
Administrator on 11/11/2021 4:28:42 PM
Thrilled to announce this feature released in 2022 Release Wave 1 APP 10.0.24.
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 and posted manually via a journal. This is time consuming when it could just be calculated in the proposal. Please allow negative assets to be included for depreciation in the depreciation proposal.
Category: Fixed assets
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Administrator on 11/11/2021 4:28:42 PM
Thrilled to announce this feature released in 2022 Release Wave 1 APP 10.0.24.
Sincerely,
Mohamed Aamer
PM, Microsoft
Category: Fixed assets
This is very helpful. Can reduce the manual workload for us. Please add it. Thanks.
Category: Fixed assets
Happy New Year
I think that we are all in agreement, Negative Fixed Assets do exist
Yes - we are all aware that majority of our Fixed Assets have a Dr balance, however there are rare occasions where an organization will have a need to record and track, and amortize a Cr "Negative" Fixed Asset.
When recording a business acquisition at FMV there will be instances where the acquiring entity needs to record a Intangible / Liability and amortize over a determined term.
As robust as the products that Microsoft has to offer, this very simple code update to allow Cr balance assets to properly amortize would answer the needs of all clients.
JD Edwards allows for depreciation of Cr "Negative" Fixed Assets , I am sure that Microsoft can as well.
Category: Fixed assets
This would be a very useful functionality. It would be possible to use FA also to loans and amortizations.
Category: Fixed assets
Any updates on this request?
Category: Fixed assets
Microsoft please look into this
Category: Fixed assets
Administrator on 11/11/2021 4:28:42 PM
Thrilled to announce this feature released in 2022 Release Wave 1 APP 10.0.24.
Sincerely,
Mohamed Aamer
PM, Microsoft