Category: Fixed Assets

  • Fixed Assets GL Posting Flow Part 8

    This is the last post in an 8-part series on Fixed Assets in Dynamics GP. This post covers changing costs or LTD/YTD amortization on a card, transfers with GL account changes, and deleting a book or the asset entirely. (continue >)

  • Fixed Assets GL Posting Flow Part 7

    Today’s #TipTuesday is a continuation of my series on Fixed Asset transactions in Dynamics GP and what GL accounts get used where. Today is the second-last of the series, where I will walk through a catch-all set of scenarios around what kinds of asset changes impact the GL. Half of the scenarios are here, and (continue >)

  • Fixed Assets GL Posting Flow Part 6

    Today’s #TipTuesday is a continuation of what happens during Retirement transactions in Dynamics GP. Today is the last of the “retirement” scenarios I plan on covering and it is proceeds (cash, non-cash), sale expenses and their impact on the resulting retirement journal entry. The previous posts so far are: Additions with & without YTD/LTD amortization (continue >)

  • Fixed Assets GL Posting Flow Part 5

    Today’s #TipTuesday is a continuation of what happens during Retirement transactions in Dynamics GP. Today: different retirement types and the impact on which Gain/Loss account is chosen. The previous posts so far are: Additions with & without YTD/LTD amortization Depreciation/Amortization Retirements in the 1st year of ownership Retirements after the 1st year of ownership Setting (continue >)

  • Fixed Assets GL Posting Flow Part 4

    Today’s #TipTuesday is a continuation of what happens during Retirement transactions in Dynamics GP. Today: retirements after the first year of ownership (in a year after the acquisition year). The previous posts so far are: Additions with & without YTD/LTD amortization Depreciation/Amortization Retirements in the 1st year of ownership Setting the stage In this post, (continue >)

  • Fixed Assets GL Posting Flow Part 3

    Today’s #TipTuesday is a continuation of my Fixed Assets series around GL posting flow. This post will be the start of what happens during Retirement transactions in Dynamics GP. There are a lot of options around retirement transactions, although, in the end, most selections don’t impact the results much. I will be breaking this into (continue >)

  • Fixed Assets GL Posting Flow Part 2

    Back in September, I started a series and honestly figured I would not have taken this long to get to “part 2”! What I’m going to do is make this part of my #TipTuesday series and try to get through it a little bit faster! Today’s post is about what happens during the Depreciation routine (continue >)

  • Back-dating Fixed Asset Retirements

    Today’s #TipTuesday is about the message the user may receive when back-dating a Fixed Asset retirement in Dynamics GP. I completed a project recently where the client was catching up on some IFRS asset derecognition that, in some cases, had occurred in prior years by the time we got around to doing the retirement in (continue >)

  • Fixed Assets GL Posting Flow Part 1

    This is the first post in an 8-part series on Fixed Assets in Dynamics GP. This post is setting up the scenarios I plan to cover and the basic flow of asset acquisitions. (continue >)

  • Hyphens in Dynamics GP Fixed Assets

    Today’s #TipTuesday is about the Dynamics GP Fixed Assets module. I am going to discuss the restriction around the use of hyphens (dashes) in Fixed Asset IDs. Before GP 2013, there was no issue with hyphens and many customers who utilized Fixed Assets had created Asset IDs with them as separators. Of the numerous clients (continue >)

  • Fixed Asset Labelling

    This #TipTuesday post is information about Asset Labels vs. Asset IDs and when to use the Asset Label feature. (continue >)

  • Fixed Assets Year End Close Report

    This is my third post in the Did You Know series, tying into Pam Misialek’s series on Inside Dynamics GP. This will be a fairly short post, as there is nothing to configure to “get” this new feature! Summary URL: https://community.dynamics.com/blogs/post/?postid=784ce3ea-cca2-41ee-9481-14ff80726fce Version: available since Dynamics GP 2015 How To This is fairly straightforward: there is (continue >)