The video demonstrates how to depreciate a fixed asset on a daily basis in Dynamics 365 Finance.
Fixed asset depreciation is performed typically on either a monthly or yearly basis. However, there can be business requirements in certain asset types to have more control or visibility in case of big-value assets to have daily depreciation performed. This can be the case when an asset has been rented to a customer and you are billing the customer a depreciation amount as well in the margin.
The training video explains the procedure of how depreciation can be possible on a daily basis. Firstly, the fiscal calendar with Days needs to be defined. The fixed asset book then will be linked to the Fiscal calendar defined. A depreciation profile will also be linked to the asset book with the fiscal period as the depreciation method. Then ledger accounts need to be linked to the new book having day wise setting for depreciation. The fixed asset will be associated with the defined fixed asset book. The acquisition of fixed assets will be carried out, following the depreciation proposal in the fixed asset journal.
Briefly, the topic covers:
Fiscal calendar creation
Fixed asset creation
Fixed asset books
Depreciation profile
Fixed asset posting profile
Fixed asset journals
About Trainer:
I am a certified Microsoft Trainer (MCT) and consultant manager in Microsoft Dynamics 365 FinOps, SAP S/4 Hana, Power platform, SharePoint, Azure, and Oracle Cloud with over 20 years of global experience in supporting industries as textile, manufacturing, retail, heavy equipment rental, transportation, facility management, building material, construction, and telecom infrastructure. Besides, I also support open-source software for digital needs.
Contact:
👉 E-mail: pkrashdi@gmail.com
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