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Erika Mekis Bach Senior Business Consultant

Erika Mekis Bach

Joined: 3/31/2020

  • Reclassified assets should get reclassified status

    Thu, 17 Nov 2022 16:25:54 GMT – Dynamics 365 Finance – New 

    I D365, when a Fixed asset is Reclassified, then status will be

    • Old, reclassified asset > Status = Closed
    • New asset status > Status = Open

     

    Closed assets are as per Microsoft: the last depreciation for the fixed asset has been posted and the net book value is 0 (zero)

    Closed assets are still in the possession of the company, but 0 net book value.

     

    If the asset is not in the possession of the company, the status should not be Closed. Eg.

    Asset is sold > Status = Sold

    Asset is scrapped > Status = Scrapped

    Asset is reclassified > Status = Closed – this should be different, eg. Reclassified