Fixed Assets in Dynamics 365 Finance and Operations (D365 FO) - Part 1 of 3

Dynamics 365 Finance

Fixed assets are essential items owned by a company for business operations.
In D365 FO, setting up fixed assets involves entering details like acquisition cost, useful life, and depreciation method.
Depreciation in fixed assets is the gradual decrease in value over time, which D365 FO helps track and adjust.
D365 FO allows efficient management of fixed assets, including calculating adjustments, asset disposal, and monitoring current values.
Configuring fixed assets in Dynamics 365 Finance involves steps like setting up depreciation profiles, creating books for assets, establishing fixed asset groups, and defining fixed asset posting profiles.
Depreciation profiles determine how asset value depreciates over time.
Books track the financial lifecycle of assets and can be configured for different reporting purposes.
Fixed asset groups and posting profiles are used to group assets and define attributes and posting rules for each asset.

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