Great Plains Dynamics GP Consultant News: Fixed Assets
In this small publication we would like to come through practical steps in implementing Fixed Assets module for GP Dynamics:
1. Depreciation Books. You can have as many books as required by you fiscal and managerial reporting. Only one book, obviously posts depreciation transactions to General Ledger module.
2. Depreciation Methods. For Book-Class, Book-Fixed Asset ID you can define the following depreciation formulas: Straight Line Original or Remaining Life, 150%, 175%, 200% DB (or Declining Balance), SOY Digits, and others. Please note, that DB could be set to the percentage desired
3. Purchasing Fixed Asset Item. There are two options - one is in Accounts Receivable and the second in Purchase Order Processing. In both cases the link is Fixed Assets Account - Fixed Assets Purchasing Posting Account defined in the window with the same name. If you are purchasing your inventory items through POP (or even Dynamics GP Business Portal Requisition Management), we recommend you to use method of Post POP through to FA, here you can either check the account or if item line is marked as Capital Item. In this case your inventory item doesn't go to your inventory control module, but instead it turns to show up as Capital Item in FA module
4. FA transfer. You can transfer your FA items between two locations or physical locations. Location could be your department, where your people sit in several buildings, or physical location, which could be specific building, office or manufacturing facility
5. FA retirement. This form allows you to retire FA item with the options to sell it with cash proceeds, or simply scrap it. Please note that retire could be undone.
6. Mass Actions. You can do mass retire, mass change or mass transfer
7. User Defined Fields. If you think you need to group your Fixed Assets Items by additional parameter, which could be used in let's say Crystal Reports or SQL Server Reporting Services, you have up to fifteen user defined fields in your disposition
8. FA Integration. Fixed Assets Module has its own integration tool. However part of FA objects are also supported via eConnect. Please check with us on details
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Andrew Karasev, Alba Spectrum http://www.albaspectrum.com help@albaspectrum.com 1-866-528-0577, 1-630-961-5918, serving Great Plains USA and Canada nationwide. Local service in Chicago, Houston, Dallas, San Diego. Please visit our information portal Pegas Planet: http://www.pegasplanet.com . If you need custom programming for GP, we are happy to help you with Dexterity, eConnect, VBA/Modifier, SQL Stored Procedures, Crystal Reports. We also provide instant support to new and existing clients via web sessions for the customers in CA, IL, WI, NY, FL, IN, MI, TX, GA, NE, NM, AI, NC, SC, OR, WA, DC, DE, PA, VI, AZ, LA Your Article Search Directory : Find in Articles
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