tag:blogger.com,1999:blog-5285970135510371565.post1165686998109448988..comments2024-03-23T07:53:50.523-04:00Comments on The Dynamics GP Blogster: Moving Items out of Inventory and into Fixed AssetsMariano Gomezhttp://www.blogger.com/profile/13267738662239812289noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-5285970135510371565.post-60862545650278712402015-02-25T17:16:25.666-05:002015-02-25T17:16:25.666-05:00Great post!
Haroon, you need to also do a decreas...Great post!<br /><br />Haroon, you need to also do a decrease adjustment in inventory to complete, since you only want that item to live in Fixed Assets and not in inventory. <br /><br />DR Fixed Assets Clearing Account (as your inventory offset)<br /> CR Inventory<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-13981827067788954722015-02-25T14:21:24.976-05:002015-02-25T14:21:24.976-05:00I am reviewing this with the hope to use at a clie...I am reviewing this with the hope to use at a client.<br /><br />echo'ing the last comment about the JE's;<br /><br />If I follow the logic will you not end up with the fixed asset in both <br />the inventory account (as it is still in the warehouse) (the screen shot clearly shows the same account being debited and credited) AND<br />the fixed asset account.<br /><br />Do I not now have the same thing represented in my balance sheet assets twice?<br /><br />iannoreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-65963923222000479702014-06-13T07:14:06.332-04:002014-06-13T07:14:06.332-04:00Hi Mariano,
Thanks for the post which helped me al...Hi Mariano,<br />Thanks for the post which helped me alot!<br />I have little confusion. The distribution system is creating is not moving the amount out of inventory account because the system is creating following entries<br /><br />In-transit transfer<br />Inventory cost dr<br />Inventory cost cr<br /><br />Receiving transaction<br />Inventory cost dr<br />Inventory cost cr<br /><br />FA GL Posting<br />Asset cost dr<br />Asset clearing cr<br /><br />With these Accounting entries the balance is left in following two accounts which is wrong:<br /><br />Inventory cost dr balance<br />Asset clearing cr balance<br /><br />I read you post and you mentioned that the POP module uses clearing account but I think this is not the case. Can you let me know if there is anything which I am missing. <br /><br />For your information, I have executed the same process in my live, test, and Fabrikam company but the result is same in all three cases.<br /><br />Will wait to hear from you.<br /><br />Thx<br />Haroonhttps://www.blogger.com/profile/04824630366528659199noreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-77338123873581252622013-12-11T13:21:37.097-05:002013-12-11T13:21:37.097-05:00Mariano, really a very good way to capitalize inve...Mariano, really a very good way to capitalize inventory item. <br /><br />But how can I transfer the Fixed Asset back in inventory and assign the WDV as item's unit cost.<br /><br />Thanks in advance. <br /><br />Abu OwaisAbu Owaisnoreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-43825405476945172112013-08-01T17:55:21.378-04:002013-08-01T17:55:21.378-04:00@Belinda: I am sure you can turn this into a video...@Belinda: I am sure you can turn this into a video, wink, wink!<br /><br />MG.-<br />Mariano Gomez, MVPMariano Gomezhttps://www.blogger.com/profile/13267738662239812289noreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-74901433064356354252013-08-01T15:27:23.194-04:002013-08-01T15:27:23.194-04:00Sheer Genius my friend!Sheer Genius my friend!Belinda Allenhttp://www.belindathegpcsi.comnoreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-24191483074134700412013-04-30T00:01:47.345-04:002013-04-30T00:01:47.345-04:00I know of people who have a storage of items in th...I know of people who have a storage of items in their inventory who badly need to turn it into fixed asset. This link is something I recommend to them all the time. I would find them storing this link in their bookmarks because it is that useful. I personally love the Dynamics GP system as it is one of the most stable platforms I have used in recent times. It’s probably one of the most popular for businesses and not surprisingly so. Thank you very much for this tip Mariano.Anonymoushttps://www.blogger.com/profile/02449273226067459046noreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-47120478503343736202011-06-07T10:42:57.231-04:002011-06-07T10:42:57.231-04:00This method is not suitable for assembly or BOM ty...This method is not suitable for assembly or BOM type items. <br /><br />MG.-Mariano Gomezhttps://www.blogger.com/profile/13267738662239812289noreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-54681076787759382732011-06-01T10:49:02.383-04:002011-06-01T10:49:02.383-04:00How about if I have a large inventory item that I ...How about if I have a large inventory item that I want to capitilise but I have smaller inventory items attached to the larger item. I want to capitilise all the of them together… For example I have a Post box that I want to capitilise laying in inventory, this post box has several small inventory items attched to it: nuts, bolts etc. I wish to attach the nuts and bolts etc. to the total cost of the post box to be capitilised. How would I do that? *lostAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-12525257053828279362011-04-11T00:04:56.721-04:002011-04-11T00:04:56.721-04:00Great advice! But I can't see the "Capita...Great advice! But I can't see the "Capital Item" button or expansion button in my Receivings Item Detail Entry Window. <br />Am I missing some setup step?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-78442498665413174402010-03-15T15:50:34.415-04:002010-03-15T15:50:34.415-04:00You are the man!!You are the man!!Frank Hamellyhttps://www.blogger.com/profile/15697020892894195399noreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-88501820803004857922010-03-15T10:11:12.539-04:002010-03-15T10:11:12.539-04:00Printing this off and will be using this method. ...Printing this off and will be using this method. Thanks for the abundantly useful post!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-88288940315254344872010-03-15T00:47:06.079-04:002010-03-15T00:47:06.079-04:00lovely !!!lovely !!!Anonymousnoreply@blogger.com