Duration: 1 Day
In this course, you will learn about the processes that are required to enter, depreciate, and retire fixed assets. You will learn how to perform additional related functions such as changing asset information, mass changes, partial transfers, and partial retirements.
What You Will Learn
- Create asset records, asset books, asset classes, and asset book classes
- Maintain asset records using transfers, changes, and retirements
- Depreciate assets and post depreciation from Fixed Assets to General Ledger
- Possible integration points Fixed Assets has with other Microsoft Dynamics GP modules
- Identify available utilities that are used to manage asset records
Audience
- Anyone who needs to learn the basic features for effectively using Fixed Assets
- Data entry clerks, administrators, accountants, CEOs, and consultants who need to understand the technical aspects of Fixed Assets in Microsoft Dynamics GP
Prerequistes
- General knowledge of Microsoft Dynamics GP
- Basic knowledge of accounting principles (especially the concept of depreciation)
Course Outline
1. Overview and Setup Procedures
- Features and Benefits
- Fixed Assets Processes and Integration
- Configure the Fixed Assets Calendar
- Enter Account Groups
- Enter Fixed Assets Post Accounts
- Create Insurance and Asset Class Records
- Create Book Records
- Create Book Class Records
- Fixed Assets Company Setup
- Create Location and Physical Location Records
- Create Lease, Retirement and Structure Records
- Fixed Assets User Preferences
- Enter Existing Assets
2. Daily Procedures
- Asset General Information
- Asset Account Information
- Asset Book Information
- Asset Insurance and Lease Records
- Asset User Data
- Payables Management Interface
- Purchase Order Processing Interface
3. Maintaining Records
- Select Assets
- Depreciation Projections
- Changing Asset Information
- Transferring Assets
- Retire Assets
- Retire Undo
- Asset Utilities
- Using Inquiries
- Report Options and Printing
- Report List
4. Period-End Procedures
- Period-End Procedures
- Year-End Procedures
Course Labs
Lab 1: Account Group Setup
Lab 2: Purchasing Posting Accounts Setup
Lab 3: Class Setup
Lab 4: Book Setup
Lab 5: Book Class Setup
Lab 6: Fixed Assets Company Setup
Lab 7: Asset General Information
Lab 8: Asset Book Information
Lab 9: Asset Book ITC Information
Lab 10: Payables Management Interface
Lab 12: Enter a Purchase Order for a Capital Item
Lab 13: Receive the Capital Item
Lab 14: Enter a Capital Item in Fixed Assets
Lab 15: Select Assets
Lab 16: Depreciation Projection
Lab 17: Mass Change
Lab 18: Transfer an Asset
Lab 19: Partial Retirement
Lab 20: Retire Undo
Lab 21: Depreciation
Lab 22: Fixed Assets to General Ledger Posting
