The fixed assets module manages and controls fixed assets transactions, and records fixed assets master information and the basic transactions related to fixed assets acquisition, depreciation, and disposal. The fixed assets function is integrated with other business functions. The first integration function is with the procurement and sourcing business functions, which execute assets acquisition through normal procurement and purchase order processing, then the reception, and finally, the invoice. The second integration is with accounts receivable, which executes fixed assets disposal sales, where there is a transaction document that moves an inventory item to a fixed asset.
The integration of fixed assets documents is shown in the following diagram:
Each transaction is represented in a document type in Microsoft Dynamics 365 for Finance and Operations with the document that contains the details of the transaction. The transaction data, whether inherited from the master data, entered manually, and/or automatically inherited from another transaction, is linked with a specific reference. The integration between fixed assets and other transaction documents gives visibility for tracing the original documents that are related to the asset transactions and who posted it.
There is a list of fixed assets transactions besides the basic transactions of acquisition, depreciation, and disposal sale or disposal scrap. The following screenshot shows fixed assets transactions in Microsoft Dynamics 365 for Finance and Operations. This can be accessed from the fixed assets posting profile under Fixed assets | Setup | Fixed assets posting profiles:
