Microsoft Dynamics GP Fixed Assets Module Notes

lass="bottom-link">retirement leaves original Item ID with its original suffix
If your organization deploys Microsoft Dynamics GP(with proportionally reduced Original Cost, LT
as its Corporate ERP application, or as it was knowndepreciation and net book value) and it will create the
formerly — Great Plains Dynamics andsame ID with new suffix (typically next suffix available,
eEnterprise — we would like to give you somesuch as if original item has 1 — it will assign the
field experience on Fixed Assets. We assume that2)
you have formal accounting education and pretty4. What to do if you closed GP GL year prior to
familiar with such terms as depreciation, amortization,closing FA Year End Routine.  Well, this might result in
Straight-Line, Declined Balance and other depreciatingYear to Date depreciation to be incorrect if you do
methods — all these features should bequery directly from FA maintenance screen.  This is
available in mid-market ERP application, however wevery annoying, as we heard from multiple Great Plains
would like to share some more complex issues, whichcustomers.  Fix is described in the knowledge base,
are not apparent or not intuitive to discover:however it might be difficult to do it without being
1. Importing Fixed Assets from legacy accountingfamiliar with GP FA tables structure and not being
system.  You can use import tool, available directly inSQL programmer
the FA module.  However we discovered with real5. Fixed Assets module supports multicurrency, so you
life case studies, that you may want to use formulas incan do international assets tracking with currency
parallel objects setup in FA for each Fixed Assetrevaluation.  When you do retirement or mass
record.  In this situation, we recommend you to buildretirement, multicurrency also is in the consideration
Great Plains Macro — simply records the macro6. Known issues with Smart List for Fixed Assets.
for couple of FA records, then split it into the fields in There are reported cases, where Smart List option
the tab delimited text file, import it into Excel and usefor FA module disappears and you have to repair the
formulas to feed in all you legacy FA items and relateddatabase on SQL level to resurrect it, please, see our
numbers.  When you are done with this preparationdedicated publication in media, back in February 2010
— launch Macro and enjoy several minutes7. How to request help?  Please call us
while Dynamics GP FA module converts your legacy1-866-528-0577, 1-630-961-5918 or email us  We
data with potentially all your books, locations, structures,welcome you to request Fixed Assets module web
physical locations, custodianspresentation, as well as our products demos:
2. If you need to retire FA items with back date andWarehouse Management System, SCM with
you already depreciated it to the current date.  HereAdvanced Barcoding, posting Server with Workflow,
you need to do depreciation for each individual itemeCommerce extension for Dynamics GP, Timesheets
with back date to undo recent depreciation recordsfor Microsoft CRM.  We serve you locally in Chicago,
and then interface FA transaction to General LedgerHouston, Los Angeles, San Diego.  Plus in USA,
3. Partial FA item retirement.  You can do it forCanada, Mexico nationwide via remote support and
individual item (not available in Mass retire).  Partialweb sessions.