Roopam Jaiswal

Step4# Fixed Asset Disposal Journal

There are many paths to sell an asset, like free text invoice, disposal proposal and through Fixed Asset Disposal Journal. let’s learn about Fixed Asset Disposal Journal to sell an asset. Journal entry: This will post credit amount to asset using an debit to offset account.

Step3# Acquire a fixed asset through fixed asset journal:

There are multiple ways to acquire fixed asset in Microsoft dynamics 365 finance and operations. Some of examples are listed below. 1-From fixed asset journal 2-From Fixed asset Acquisition Proposal 2-From (purchase requisition) PR 3-From (Purchase Order) PO 4- From (Purchase Order) PO Invoice 5- From Non-PO Invoice etc. Let’s us learn about fixed assetContinue reading “Step3# Acquire a fixed asset through fixed asset journal:”

Step 2# Fixed Asset books

As per law and for regulatory reporting, Companies should maintain more than one book for every fixed asset That means that any transaction posted like an acquisition or disposal etc. will reflect in those books. TAX Book: Books setup for Tax reporting with Post to general ledge is disabled and posting layer is None soContinue reading “Step 2# Fixed Asset books”

Step1# Depreciation profiles

First step to setup is Depreciation profiles, this defines how asset will be depreciated. Create new profile by selecting one from predefined depreciation method from dropdown. Select the value for below fields.

Dynamics 365 Finance 10.0.43 (March 2025)- Fixed assets

A-Introduction and enable:Feature enhancements for Fixed Assets included in this release are covered with Lab example Login to FnO-Feature management: To enable feature. Once enabled Allow depreciation when placed in service and disposal are in the same fiscal year option is visible on Fixed assets parameters. B-Lab: For Automate Split transaction posting to derived books We willContinue reading “Dynamics 365 Finance 10.0.43 (March 2025)- Fixed assets”

Create a Trial account for Dynamics 365 Finance and Operation

1-Introduction: This document provides guidance for the creation of a free trial account for Office 365 and its subsequent utilization for the Dynamics 365 Finance and Operations trial for practice purposes. Given license is subscription based and has validity for 30 days with very minimal charge and can be extended. Office 365 account provides accessContinue reading “Create a Trial account for Dynamics 365 Finance and Operation “

Create a Trial account for Dynamics 365 Finance and Operation

General Ledger Vs. Sub Ledger

The general ledger is a collection of the group of accounts that supports the value items shown in the major financial statements. All transactions that have financial impact only need to be recorded in General ledger This module includes: Need for General Ledger The main purpose of a general ledger system is to record financialContinue reading “General Ledger Vs. Sub Ledger”

Record to Report Interview questions

All accrual entries are generally auto reversal entries. Validate the statement Gain on sale of assets is nothing but the business income. Validate the statement R2R is the heart of any accounting process. Functions like AP, AR,Payroll and T&E ultimately roll into R2R. Validate the statement Human resources are treated as the resources of theContinue reading “Record to Report Interview questions”