Fixed assets roadmap

Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

This topic is a roadmap to additional information about Fixed assets in Microsoft Dynamics AX. It includes links to information about how to get started, configure, and use Fixed assets and information on which modules integrate with Fixed assets.

Fixed assets are items of value, such as buildings, vehicles, land, and equipment, that are owned by an individual or organization. You can set up and enter acquisition information for fixed assets, and then manage them by depreciating them and setting a capitalization threshold to determine depreciation. You can calculate adjustments to the fixed assets, and also dispose of them.

When you use General ledger together with Fixed assets, you can view the current value of all fixed assets. The way in which fixed assets are handled must correspond to both international accounting standards and the accounting legislation in each country/region. Requirements might include rules for recording acquisition and disposal transactions, depreciation, lifetimes, and write-ups and write-downs of fixed assets. The Fixed assets functionality incorporates many of these standards and rules.

Get started Configure Integration with Fixed assets

Lifecycle Services(*cloud-based workspace) Help and Resources Datasheet for Microsoft Dynamics AX 2012 (download) Resource Page for Financials Management in Microsoft Dynamics AX 2012 (blog) * In order to use Lifecycle Services, you must have a CustomerSource or PartnerSource account, and have created a project. For more information, see the Lifecycle Service User Guide.

Get started

Summarize the group of tasks, components, or concepts that are discussed in the table.

Task	Details	More information
Learn what’s new in Fixed assets	Several features have been added to Fixed assets in Microsoft Dynamics AX 2012, Microsoft Dynamics AX 2012 R2, and Microsoft Dynamics AX 2012 R3.	What’s new Fixed assets features [AX 2012]
Learn about fixed assets	Fixed assets lets you acquire fixed assets and then manage fixed assets by depreciating and disposing of them.	Fixed assets

Back to top

Configure

Complete the tasks in the following table to set up and configure Fixed assets.

Set up Fixed assets

Task	Details	More information
Set up Fixed assets	You can set up the integration between Fixed assets and Accounts payable to automatically create fixed assets from purchase orders or vendor invoices, or automatically post acquisition and acquisition adjustment transactions for fixed assets.	About fixed assets integration Set up fixed asset groups Set up fixed asset posting profiles Set up Fixed assets parameters Set up Fixed assets workflows Set up value models About fixed assets integration
Set up depreciation	Set up depreciation, which is a periodic transaction that typically reduces the value of the fixed asset on the balance sheet, and is charged as an expenditure to a profit and loss account. These deprecation methods are supported: Straight line Reducing balance Consumption depreciation Straight line life remaining Round-off depreciation	Set up asset depreciation books Depreciation methods and conventions About bonus depreciation Set up asset depreciation book bonus Create a depreciation profile Depreciation methods and conventions
Set up Fixed asset posting and journals	Set up posting journals and posting profiles, post budgets and transactions, and learn how to post by using derived value models.	About posting with derived value models About posting with derived depreciation books About fixed asset posting profiles Post fixed asset journals

Back to top

Use

Task	Details	More information
Create fixed assets	Create fixed assets from Inventory management, purchase receipts, and vendor invoices.	Create a fixed asset Enter an addition to a fixed asset Process assets created from Accounts payable About options for entering fixed asset transactions Propose fixed asset acquisitions
Revalue assets	Reclassify a fixed asset by transferring it to a different fixed asset group or assigning a new fixed asset number to it in the same group.	Reclassify fixed assets Fixed asset mass update Create revaluation adjustments for fixed assets Recalculate replacement costs and insured values
Depreciate or amortize assets	Calculate and post depreciation for all fixed assets in a single operation. Depreciation is calculated for fixed assets that have a status of Open for periods in which depreciation has not yet been posted.	Change depreciation conventions for multiple fixed assets Delete depreciation book transactions Depreciation proposal (form)
Dispose of assets	Dispose of fixed assets by selling or scrapping them.	About fixed asset disposal

Back to top

Integration with Fixed assets

Fixed assets can be integrated with the following modules and Microsoft products:

• Accounts payable

• Accounts receivable

• Budgeting

• General ledger

• Inventory management

• Microsoft SQL Server Analysis Services

• Microsoft SQL Server Reporting Services

• Microsoft Excel