HOW TO : Link multiple Management Reporter reports

Linking different Management Reporter (MR) reports is a common finance scenario when for example the profit/loss from the Income Statement (IS) is linked to the equity section of the Balance Sheet (BS). Microsoft provided a detailed description, which exemplifies how this linkage between the IS and BS reports can be established. For details, please see […]

via Link multiple Management Reporter reports — Dynamics AX Finance & Controlling

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HOW TO : Inventory to Fixed Asset Transfer

In this HOW TO, we will go through the process of Inventory to Fixed Asset Transfer 

  • In this case you need to create Fixed Asset manually in the Fixed Asset Module first.
  • Consider we have the below asset created belonging to AC group.

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  • Go to Fixed assets/Journals/Inventory to Fixed Assets and create a new journal

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  • Then enter the Date, select the Fixed Asset from the drop down in the Fixed Asset Number Column, enter the Transaction Type as Acquisition, select the Item from drop down. The system will get the cost as in the inventory.

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  • Then go to the Inventory Dimension TAB to select the Location specific data
  • Then click on Post and then OK, this will transfer all the Item Cost to the Fixed Asset Master. 

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HOW TO : Fixed Asset Acquisition by Purchase Order Processing

In this HOW TO, we will go through the process of acquiring the Fixed Asset from Purchase Order Processing 

  • Consider we have a PO, the user will mark the line that requires to be acquire as a Fixed Asset during the PO approval process. Go to the Fixed Asset TAB in the Line, mark the check box as in the below window and select the relevant Fixed Asset group.

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  • The system will create the record in the Fixed Asset module once the receiving (GRN) is done.

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  • Now you can go to the newly Fixed Asset and review the Value Model and Transactions. 

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HOW TO : Fixed Asset Acquisition by Fixed Asset Journal

In this HOW TO, we will go through the process of acquiring the Fixed Asset from Fixed Asset Acquisition Journal 

  • Create a new Fixed Asset
  • Now go to Fixed assets/Journals/Fixed Assets. Click New and then select the Acquisition Journal.

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  • Enter the description and click on Lines

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  • Click on Proposal > Acquisition Proposal to Acquire the asset by system.

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  • Click Select to enter the criteria.

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  • Enter the criteria for search and then select the required Fixed Asset.

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  • Click OK on the below window once the Fixed Asset is selected.

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The system will get the Date from Fixed Asset master data (the Acquisition date from Value Model), Transaction Type will be automatic, the Acquisition Price will again come from Fixed Asset master data (Acquisition price from Value Model). The user have to enter the Offset Account if it is not specified in the Posting Profile (FA Acq Offset Account).

  • After verifying the information POST the journal.

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  • To verify the transaction click on Value Model from the Fixed Asset master

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  • Click on Inquiry > Balance

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HOW TO : Create Fixed Asset in Fixed Asset Module

This scenario will take you through the manual Fixed Asset Creation process.

  • Go to Fixed assets/Common/Fixed assets/ Fixed assets and create a new Asset.

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  • Now select the Fixed Assets Group from the drop down.

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  • Now the system will automatically assign the Fixed Asset # based on the setup. You have to enter the Asset Name Description, select the Type, Major Type and Property Type

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  • Add the technical information for the Fixed Asset.

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  •  Add Location specific information

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  • Now click the Value Model to enter other financial and date specific information

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  • Based on the setup the system will populate the Value Model, Status, Depreciation Profile, Service Life, Depreciation Period remaining and Posting Profile in the Overview TAB.

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  • Now enter the Acquisition date, Price and method in the General TAB.

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  • Verify the other information that will come automatically once the asset is created in the Depreciation TAB. This information is populated based on the setup.

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  • Enter the Financial Dimension that will be applicable to fixed asset transactions in the Financial Dimensions TAB.

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