Fixed assets roadmap [AX 2012]

Updated: November 24, 2014

This topic is a roadmap to additional information about Fixed assets in Microsoft Dynamics AX. It includes links to information about how to get started, configure, and use Fixed assets and information on which modules integrate with Fixed assets.

Fixed assets are items of value, such as buildings, vehicles, land, and equipment, that are owned by an individual or organization. You can set up and enter acquisition information for fixed assets, and then manage them by depreciating them and setting a capitalization threshold to determine depreciation. You can calculate adjustments to the fixed assets, and also dispose of them.

When you use General ledger together with Fixed assets, you can view the current value of all fixed assets. The way in which fixed assets are handled must correspond to both international accounting standards and the accounting legislation in each country/region. Requirements might include rules for recording acquisition and disposal transactions, depreciation, lifetimes, and write-ups and write-downs of fixed assets. The Fixed assets functionality incorporates many of these standards and rules.

On this page

Get started

Configure

Integration with Fixed assets

Related resources

Lifecycle Services(*cloud-based workspace)

Help and Resources Datasheet for Microsoft Dynamics AX 2012 (download)

Resource Page for Financials Management in Microsoft Dynamics AX 2012 (blog)

* In order to use Lifecycle Services, you must have a CustomerSource or PartnerSource account, and have created a project. For more information, see the Lifecycle Service User Guide.

Summarize the group of tasks, components, or concepts that are discussed in the table.

Task

Details

More information

Learn what’s new in Fixed assets

Several features have been added to Fixed assets in Microsoft Dynamics AX 2012, Microsoft Dynamics AX 2012 R2, and Microsoft Dynamics AX 2012 R3.

What’s new Fixed assets features [AX 2012]

Learn about fixed assets

Fixed assets lets you acquire fixed assets and then manage fixed assets by depreciating and disposing of them.

Fixed assets

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Complete the tasks in the following table to set up and configure Fixed assets.

Task

Details

More information

Set up Fixed assets

You can set up the integration between Fixed assets and Accounts payable to automatically create fixed assets from purchase orders or vendor invoices, or automatically post acquisition and acquisition adjustment transactions for fixed assets.

About fixed assets integration

Set up fixed asset groups

Set up fixed asset posting profiles

Set up Fixed assets parameters

Set up Fixed assets workflows

Set up value models

About fixed assets integration

Set up depreciation

Set up depreciation, which is a periodic transaction that typically reduces the value of the fixed asset on the balance sheet, and is charged as an expenditure to a profit and loss account.

These deprecation methods are supported:

  1. Straight line

  2. Reducing balance

  3. Consumption depreciation

  4. Straight line life remaining

  5. Round-off depreciation

Set up asset depreciation books

Depreciation methods and conventions

About bonus depreciation

Set up asset depreciation book bonus

Create a depreciation profile

Depreciation methods and conventions

Set up Fixed asset posting and journals

Set up posting journals and posting profiles, post budgets and transactions, and learn how to post by using derived value models.

About posting with derived value models

About posting with derived depreciation books

About fixed asset posting profiles

Post fixed asset journals

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Task

Details

More information

Create fixed assets

Create fixed assets from Inventory management, purchase receipts, and vendor invoices.

Create a fixed asset

Enter an addition to a fixed asset

Process assets created from Accounts payable

About options for entering fixed asset transactions

Propose fixed asset acquisitions

Revalue assets

Reclassify a fixed asset by transferring it to a different fixed asset group or assigning a new fixed asset number to it in the same group.

Reclassify fixed assets

Fixed asset mass update

Create revaluation adjustments for fixed assets

Recalculate replacement costs and insured values

Depreciate or amortize assets

Calculate and post depreciation for all fixed assets in a single operation. Depreciation is calculated for fixed assets that have a status of Open for periods in which depreciation has not yet been posted.

Change depreciation conventions for multiple fixed assets

Delete depreciation book transactions

Depreciation proposal (form)

Dispose of assets

Dispose of fixed assets by selling or scrapping them.

About fixed asset disposal

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Fixed assets can be integrated with the following modules and Microsoft products:


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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