Armanino Blog
Article

Dynamics AX Fixed Assets Additions for 2012 R3

January 21, 2015

Situations often arise in business where fixed assets need maintenance like a car needs an oil change or a lamp needs a new bulb. These additions are not necessarily tracked as individual fixed assets but are tagged to the existing fixed asset (FA) and may or may not increase the life span of the parent FA. Read on for details around Dynamics AX fixed assets additions.

It also becomes necessary to have reporting based on those additions. It's possible the fixed asset has a disadvantage of being a high maintenance asset which could impact production, operations and general ledger in the future. With Dynamics AX 2012 R3, these impacts can be minimized with the Fixed Asset additions functionality (image 1).

Fixed Asset additions functionality

The Fixed Asset additions functionality provides options to clearly document the number of additions tagged to a particular FA including number of units, cost, and more.

Fixed Asset additions functionality document additions

However, the most interesting feature of this functionality is the ability to choose whether to increase the life span of a FA or not by the checking or unchecking the "Increase Service life" check box. There is also an option to associate a purchase order, vendor invoice, or both with the additions, which allows tracing and justifying the expenditure. The only drawback to this functionality is that it is not possible to link additions directly from a PO or vendor invoice to a FA. This means that an addition would need a separate PO or invoice, and then could be associated with the FA manually in the FA module.

Dynamics AX Fixed Assets Additions Life Span

Reporting for the fixed asset additions can be done easily by navigating to the Reports in FA module "fixed assets additions"

Dynamics AX Fixed Assets Additions Report

These steps around Dynamics AX fixed assets additions should allow you to achieve a sleek and robust fixed asset functionality for better management of your operations and assets.

Learn more about Microsoft Dynamics AX to discover more technologies to enhance your business processes.

Stay In Touch

Sign up to stay up-to-date with the latest accounting regulations, best practices, industry news and technology insights to run your business.

Resources
Related News & Insights
IPO Prep & SOX Compliance: Instacart & Armanino Share Hard-Earned Knowledge
Webinar
Know your compliance requirements today to avoid obstacles tomorrow.

December 16, 2021 | 11:00 AM - 12:00 PM PT
General Contractor Trends to Consider in 2022 Webinar
Webinar
Hear from experts how you can better manage your subcontracts — and more.

December 16, 2021 | 10:00 AM - 11:00 AM PT
Why COP26 Matters for Your Business Webinar
Webinar
Get informed of COP26 developments and how you can act now.

December 15, 2021 | 10:30 AM - 11:00 AM PT