FA Posting

In this blog post I am going to discuss the integration between the procurement and sourcing and fixed assets modules in Microsoft Dynamics AX. I will specifically cover the ledger posting setup is required to enable the integration

To enable the integration you first need to check that appropriate parameters are setup in the Fixed assets module. Go to Fixed assets-Setup-Parameters. Under the purchase orders fast tab please do check the option ‘Allow asset acquisition from purchasing’ as shown below:

FA Posting

 

Check if you also want  to Create asset during product receipt or invoice posting for creation of asset at the time of product receipt or invoice posting.

If this is uncheck then on the Purchase orderLine detailsFixed assets

New fixed asset field will be disabled

And user can only acquire fixed asset already created, by choosing the fixed asset number from the drop down list as shown below:

FA Posting 2

 

Now, I am going to discuss the ledger posting part. The posting depends whether you are procuring a non-stocked or stocked item as a fixed asset.

1.            If a non-stocked product is selected then following are the accounting entries are generated at the time of purchase order invoice posting:

Posting type

 

Setup form
Vendor Balance (AP summary account) AP posting profile Credit
Fixed asset acquisition Fixed asset posting profile Debit

 

2.            If a stocked product is selected then following accounting entries are generated at the time of purchase order invoice posting:

Posting Type

 

Setup form
 Fixed asset acquisition Fixed asset posting profile Debit
Vendor balance (AP summary account) AP posting profile Credit
 Fixed asset receipt Item posting Debit
Fixed asset issue Item posting Credit

 

 

 

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