(ITA) Generate the Italian fixed asset book report after disposal of a fixed asset [AX 2012]

Updated: May 13, 2011

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

In accordance with Italian law, when an asset is sold or scrapped, the value of the asset is printed in the Disposal in period column of the Italian fixed asset book report. After disposal, the asset is no longer included in the report.

To print the Italian fixed asset book report, complete the following tasks:

  • Acquire an asset.

  • Depreciate the asset.

  • Dispose of or scrap the asset.

Before acquiring an asset, set up the following information:

Task

Condition

Cross-reference

Set up a depreciation profile

Create a manual method of depreciation, using two manual schedules, each with depreciation of 50%.

Set up value models

  • Select the posting layer as Current.

  • Select the depreciation profile.

Set up value models

Set up fixed asset groups

  • Select the value model.

  • Specify the service life as two years.

Set up fixed asset groups

Create a fixed asset

Select the fixed asset group.

Fixed assets (form)

When you acquire an asset, you must create and post an invoice journal for depreciation. For more information, see About options for entering fixed asset transactions and About assets acquired through procurement.

Click General ledger > Setup > Journals > Journal names. Use this form to create a journal name before you acquire an asset and specify the Journal type as Vendor invoice recording. For more information, see Journal names setup (form).

  1. Click Accounts payable > Journals > Invoices > Invoice journal.

  2. Press CTRL+N to create a new journal line. For more information, see Journal header (form).

  3. In the Name field, select the acquisition journal name and then click Lines to open the Journal voucher form. For more information, see Journal voucher - Invoice journal (form).

  4. In the Date field, enter the posting date. The voucher number is generated and displayed in the Voucher field.

  5. In the Account type and Account fields, select Vendor, and then select the account of the vendor you purchased the fixed asset from.

  6. In the Invoice and Credit fields, enter the invoice number and the purchase amount.

  7. In the Offset account type and Offset account fields, select Fixed assets, and then enter the number of the fixed asset.

  8. Click Validate > Validate to validate the journal.

  9. Click Post > Post to post the journal.

  10. Close the forms to save your changes.

  1. Click Fixed assets > Journals > Depreciation book journal.

  2. Press CTRL+N to create a new line. For more details, see Depreciation book journal (form).

  3. In the Name field, select the relevant journal name and then click Lines to open the Journal line form. For more information, see Journal line (form).

  4. Click Proposals > Depreciation proposal to open the Depreciation proposal form.

  5. In the To date field, enter the ending date for calculating depreciation for the fixed asset.

  6. Click Select to filter the information based on the fixed asset number, fixed asset group, depreciation book, or depreciation, and then click OK.

  7. In the Depreciation proposal form, click OK. The depreciation details are displayed in the journal.

  8. Click Validate to validate the journal.

  9. Click Post > Post to post the depreciation transactions.

  10. Close the forms to save your changes.

  1. Click Accounts receivable > Common > Free text invoices > All free text invoices.

  2. Press CTRL+N to create a new line. For more information, see Key tasks: Free text invoices.

  3. In the Customer account field, select the account number of the customer you sold the asset to.

  4. In the Invoice account field, select the account number of the customer to be invoiced.

  5. In the Date field, select the invoice date.

  6. Click the Line details tab, and in the Invoice text field, enter a description for the invoice.

  7. In the Fixed asset number field, select the fixed asset to be sold.

  8. Click Post to open the Post free text invoice form.

  9. Select the Posting check box, and then click OK to post the free text invoice.

  10. Close the form to save your changes.

  1. Click Fixed assets > Journals > Depreciation book journal.

  2. Press CTRL+N to create a new line. For more information, see Create depreciation book journals.

  3. In the Name field, select the relevant journal name and then click Lines to open the Journal line form.

  4. In the Date field, enter the transaction date.

  5. In the Transaction type field, select Disposal - scrap.

  6. In the Fixed asset number field, select the asset number of the fixed asset to be scrapped.

  7. In the Depreciation book field, select the depreciation book for the fixed asset.

  8. In the Debit field, enter the scrap amount.

  9. Click Validate to validate the journal.

  10. Click Post > Post to post the transactions for scrapping the asset.

  11. Close the form to save your changes.

  12. Click Fixed assets > Reports > Transactions > Italian fixed asset book. For more information, see (ITA) Fixed asset book report (AssetDepreciationLedger_IT).

  13. In the Closing date prior year and Closing date this year fields, select the ending date of the previous fiscal year and the ending date of the current fiscal year to generate the Italian fixed asset book report.

  14. Select the Detailed print check box to include detailed information about the asset books.

  15. Click OK to generate the report.

    NoteNote

    The value of the sold or scrapped fixed asset is displayed in the Disposal in period column of the report. Generate the report for the subsequent year to verify that the asset is no longer included in the report.


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