Tag: Tips

Today’s #TipTuesday is the finale of my series on Fixed Asset transactions in Dynamics GP and what G/L accounts get used where. Today is where I will walk through the rest of the catch-all set of scenarios around what kinds of asset changes impact the G/L.

The previous posts so far are:

1. Additions with & without YTD/LTD amortization
2. Depreciation/Amortization
3. Retirements in the 1st year of ownership
4. Retirements after the 1st year of ownership
5. Different retirement types & impact on Gain/Loss Account
6. Retirements with proceeds and sale expenses
7. Account changes & Mass Change impact on G/L

Continue reading “Fixed Assets GL Posting Flow Part 8”

Today’s #TipTuesday is a continuation of my series on Fixed Asset transactions in Dynamics GP and what G/L 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 G/L. Half of the scenarios are here, and the rest I’ll cover next week.

The previous posts so far are:

1. Additions with & without YTD/LTD amortization
2. Depreciation/Amortization
3. Retirements in the 1st year of ownership
4. Retirements after the 1st year of ownership
5. Different retirement types & impact on Gain/Loss Account
6. Retirements with proceeds and sale expenses

Continue reading “Fixed Assets GL Posting Flow Part 7”

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:

1. Additions with & without YTD/LTD amortization
2. Depreciation/Amortization
3. Retirements in the 1st year of ownership
4. Retirements after the 1st year of ownership
5. Different retirement types & impact on Gain/Loss Account

Continue reading “Fixed Assets GL Posting Flow Part 6”

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:

1. Additions with & without YTD/LTD amortization
2. Depreciation/Amortization
3. Retirements in the 1st year of ownership
4. Retirements after the 1st year of ownership

Continue reading “Fixed Assets GL Posting Flow Part 5”

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 subsequent to the acquisition year).

The previous posts so far are:

1. Additions with & without YTD/LTD amortization
2. Depreciation/Amortization
3. Retirements in the 1st year of ownership

Continue reading “Fixed Assets GL Posting Flow Part 4”

Today’s #TipTuesday is a continuation of my Fixed Assets series around G/L posting flow. This post will be the start of what happens during Retirement transactions in Dynamics GP. There are a lot of options around retirements, although in the end most selections don’t impact the results much as you will see. I will be breaking this into different posts to keep the length manageable. Today: retirements in the first year of ownership (acquisition year).

The previous posts so far are:

1. Additions with & without YTD/LTD amortization
2. Depreciation/Amortization

Continue reading “Fixed Assets GL Posting Flow Part 3”

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 what happens during the Depreciation routine in Fixed Assets, from a GL posting flow perspective. The previous post in this series was GL posting flow around additions, in 3 specific areas:

Continue reading “Fixed Assets GL Posting Flow Part 2”

Today’s #TipTuesday is about a message you may receive if you back-date 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 Dynamics GP. While this isn’t an everyday occurrence, if you have to do this yourself, you may get an odd message!

Continue reading “Back-dating Fixed Asset Retirements”