Fixed assets opening balance

The fixed assets opening balance phase has some specific considerations. To ensure accurate fixed asset opening balance, it is recommended you take into consideration the following points:

  • Accurately collect the fixed assets register information: actual acquisition date, service life, current net book value, and depreciation remaining periods.
  • To ensure the accuracy of fixed assets calculations, it is recommended you let the calculation be done by the fixed assets submodule in Microsoft Dynamics 365 for Finance and Operations.
  • Also, consider the fixed assets that are acquired in a foreign currency, and modify the acquisition entry with the currency and the exchange rate.

The Go-Live of the fixed assets may be ...

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