Fixed asset creation from Project management and accounting to allow multiple posting types to the same Fixed asset

Can you elaborate to the business scenario when this is useful?

Also, consider changing the category from "AP" to "Fixed Assets" or "Project Accounting" (probably the former) in order to have the request show up to the correct product owner.

Hello Zvika,

 

I submitted this also under "Fixed Assets".  When an asset has modifications that extend the life of the asset, you can add the costs to the asset.  In Projects, you can only Eliminate the cost once to a Fixed asset, the additional costs have to be eliminated to a ledger and then a Fixed asset adjustment journal to add the cost to the specific Fixed asset.

I support this feature in D365. Three different client has requested for this feature in D365. I am currently working with a client will be customizing D365 to allow multiple elimination to different Fixed Assets

I support this functionality. As more project based company that build their own asset start using D365, the requirement to have this functionality will only continue to grow. My last three client wanted this happen and I have to write a simple customization to accomplish this feature.

What works today is to use the Elimination process for the Investment Project and eliminate to a general ledger account (Example: Fixed Asset Construction-In-Progress or clearing account). From there, you can do journal entries to move the acquisition cost to multiple fixed assets.

I don't know if this helps you. But we use Subprojects to host various costs related to a fixed asset. So the project manager has to plan upfront how many fixed asset this one project will create. Sort of like doing cost segregation upfront. For example, I'm building a boiler plant. I have 26 sub-projects in that boiler plant. Each of the sub-project will create a fixed asset with different asset life after the project is done. When the invoice comes in, the project manager has to code it to the subproject: boilers, building, or miscellaneous equipment, etc. That way, at the end of the project, I don't have to figure out what cost goes to boilers, what cost goes to building. I just transfer it directly from one sub-project to the fixed asset.

It is an absolute must that you either move items out of projects into Asset under Construction where after you can then capitalise multiple assets or be able to capitalise to multiple assets