Module 1: Overview and Setup Procedures

This chapter provides a general overview of the features and benefits of using the Fixed Assets module in an integrated environment. It also examines in detail the options available to customize this module to reflect the way your organization does business. You set up assets to track crucial information in a company. Time is spent discussing how to use asset classes and asset books to organize and ease data entry. The last step is entering Beginning Balances for each asset when first implementing the Fixed Assets module. Once the Fixed Assets set up has been defined, there are many reports available to document the selected preferences.

Lessons

• What is a Fixed Asset?
• Fixed Assets Features and Benefits
• Fixed Assets Setup Checklist
• Company and Financial Setup Procedures
• Build Fixed Assets Fiscal Calendar File
• Enter Quarter Records and Synchronize to Fiscal Years
• Purchasing Interface Options
• Account Groups
• Post Accounts
• Insurance Class Records
• Class Records
• Book Records
• Book Class Records
• Fixed Assets Setup
• Lease Company Records
• Location Records
• Physical Location Records
• Retirement Setup Records
• Structure Records
• Fixed Assets User Preferences
• Fixed Assets Setup Reports
• Entering Existing Assets

After completing this chapter, students will be able to:

Module 2: Daily Procedures

This chapter defines the ways that assets can be added in Fixed Assets. It explores the Payables Management and Purchase Order Processing interface and how to import new asset additions using the Asset Import/Export window. The major focus of this chapter is the interface from Payables and Purchase Order to Fixed Assets.

Lessons

• Fixed Assets Daily Procedures Checklist
• Asset General Information
• Asset Account Information
• Asset Book Information
• Asset Book ITC Information
• Asset Insurance Records
• Asset Lease Information
• Asset User Data
• Payables Management Interface
• Purchase Order Processing Interface
• Purchasing Transactions Integration Issues
• Fixed Assets Inventory Reports

After completing this chapter, students will be able to:

Module 3: Maintaining Records

This chapter examines the functionality available to maintain Fixed Assets records. The process to perform depreciation projections, asset transfers, and asset retirements is covered in detail. The utilities that ensure the integrity of data such as file maintenance, reconcile, and deleting assets are examined. Retrieving information is also a big focus of this chapter. Time is spent discussing the inquiry windows and reports that can be generated from the Fixed Assets module.

Lessons

• Select Assets
• Depreciation Projections for a single asset or group of assets
• Changing Asset Information
• Changing Asset Book Information
• Mass Change
• Transferring Assets
• Mass Transfer
• Retiring Assets
• Mass Retirement
• Retire Undo
• File Maintenance
• Deleting Assets
• Reconcile
• Retrieve Information
• Fixed Assets Projection, Transaction, and Utility Reports

After completing this chapter, students will be able to:

Module 4: Period-End Procedures

This chapter examines the processes that are completed at the end of the month, period, calendar, and fiscal year. This chapter focuses on the errors that may cause Fixed Assets to be out of balance with the General Ledger.

Lessons

• Fixed Assets Period-end Checklist
• Calculate Depreciation
• General Ledger Posting
• Reconcile Fixed Assets to General Ledger
• Purge Purchasing Transactions
• Fixed Assets Year End Checklist
• Year-End Reports and Routine
• Rebuild Fixed Assets Fiscal Year Calendar File
• Purge Inactive Asset Records
• Fixed Assets Period-end & Year-end Reports

After completing this chapter, students will be able to:

Module 5: Appendix: Job Aids

This appendix is a collection of tools designed to help users perform work in Fixed Assets in Microsoft Dynamics GP.

Lessons

• Straight Line Depreciation Comparison
• Asset Import Utility
• Financial Detail File Activity
• Physical Inventory
• Available Reports
• Checklists

After completing this chapter, students will be able to:

Module 6: Appendix: Case Study

This case study is a comprehensive lab that reinforces the learning throughout the Fixed Assets class.

Lessons

• Close the year
• Enter the Payables Invoice
• Add Assets
• Create an Asset Group
• Transfer assets to a new GL Account
• Depreciate your assets and post to General Ledger
• Create a SmartList query
• Export data to Microsoft Excel

After completing this chapter, students will be able to: