Fixed Asset Allocation Across Multiple Financial Dimensions

Applies to Product – Dynamics 365 Finance

What’s happening?
Customers are inquiring whether it is possible to allocate a fixed asset's value and depreciation across multiple financial dimensions.

Reason:
The current system configuration allows only a single set of dimensions to be associated with the asset's book record. The dimensions defined will be used for depreciation journals.

Resolution:
To allocate fixed asset's value and depreciation amounts, the following options are available:
 

• Transfer Fixed asset: You can transfer the financial information for a fixed asset book from one financial dimension set to a new financial dimension set. Financial dimension information will updated in General ledger and Fixed asset module. More information at Transfer a fixed asset - Finance | Dynamics 365 | Microsoft Learn
• Manual allocation: You can perform a manual allocation of the asset and its depreciation across the desired dimensions by using General ledger journals. This will update financial dimensions in General Ledger module only.
• Ledger allocation rules: If automation is desired, consider creating a specific ledger allocation rule that would allow for automatic distribution of costs among financial dimensions involved in General ledger transactions. Further information at Ledger allocation rules - Finance | Dynamics 365 | Microsoft Learn
• Cost accounting: Cost accounting module can allow you to allocate and distribute fixed asset depreciation amounts to several dimensions according to different basis. This financial dimension allocations of fixed asset depreciation can be printed in Cost accounting reporting. Additional details at Cost accounting home page - Finance | Dynamics 365 | Microsoft Learn