Acquire a fixed asset and claim for the government grant subsidy

This article explains how to acquire a fixed asset and claim it for a government grant in Japan with Microsoft Dynamics 365 Finance.

The following procedures walk you through how to acquire a fixed asset and claim it for a government grant. The procedures use the JPMF demo data.

Before you complete the procedures, you must first select the Fixed Asset configuration key.

Acquire the fixed asset

To acquire the fixed asset, follow these steps.

1. In Dynamics 365 Finance, go to Fixed assets > Journal entries > Fixed assets journal.
2. Select New.
3. In the Name field, enter a name.
4. Select Lines.
5. In the Date field, enter a date.
6. In the Account field, select the fixed asset to acquire.
7. In the Book field, enter a value.
8. In the Debit field, enter a number.
9. Select Save.
10. Select Post.

Claim the fixed asset for a government grant

To claim the fixed asset for a government grant, follow these steps.

1. In Dynamics 365 Finance, go to Fixed assets > Journal entries > Fixed assets journal.
2. Select New.
3. In the Name field, enter a value.
4. Select Save.
5. Select Lines.
6. Select Proposals.
7. Select Reduction entry proposal.
8. Select Filter. You can filter to help find the fixed asset faster.
9. In the Criteria field, enter a value.
10. Select OK.
11. Select OK.
12. In the Date field, enter the accounting date on which to journalize the subsidy.
13. In the Credit field, enter the amount of the government grant.
14. Select Post.