Accountant working in office - Assets Accounting with Microsoft Dynamics AX

Assets Accounting with Microsoft Dynamics AX

Fixed assets tie up significant amounts of capital and have a long-term influence on your company's balance sheet. Fixed asset accounting in Microsoft Dynamics AX (formerly Axapta) allows you to keep track of the entire life cycle of your assets — from acquisition through to depreciation.

This module allows you to comprehensively manage your tangible and intangible assets and is completely integrated within Microsoft Dynamics AX Financial Management. It supports you with depreciation and investment proposals and helps you to precisely plan investments.

From acquisition through to depreciation

With fixed asset accounting in Microsoft Dynamics AX, you can conveniently set up new assets using asset groups. The module uses the accounting periods of the general ledger account and allows you to calculate depreciation quickly and reliably for each fiscal year with access to all of the current depreciation books and various allowance-for-depreciation methods. The module also offers a variety of functions that support you in the implementation and documentation of asset movements and disposals.

Freedom for your planning

For asset planning, the module offers an unlimited number of budget models to which you can easily map stored depreciation methods. You can also perform the hypothetical depreciation of potential assets, which can support you in analyses and future purchase decisions.

The benefits to you

  • Planning, monitoring and control of the entire life cycle of your assets
  • Support of all standard depreciation books and methods
  • Quick update of the replacement costs and insured value of selected assets
  • Reversal of postings, additional asset groups and attributes and reason codes for value adjustments
  • Improved decision-making as a result of online access to asset data and reports
  • Simple and intuitive to use thanks to the modern user interface

Interested in Dynamics AX?

By working with you, we know that we can find the ideal concept to meet your specific requirements. Get in touch with us to discuss how COSMO CONSULT and our Dynamics AX solutions can help you to get more output of your business.

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