Procedure for Fixed Assets Opening Balances in Dynamics AX 2012

  1. Create asset master records and attach value models
  2. In value model window:
    1. General Tab, enter opening date of opening balances in Acquisition date and specify Acquisition price. For example if you're posting your opening balance as of 31/12/2015, then use the same date in Acquisition date, and use the actual purchase price as Acquisition Cost/Price in value model window.
    2. Depreciation tab, check mark the Depreciation, specify the asset' total depreciation periods, and actual purchase date in Place in service field. Depreciation convention is also depreciation sensitive field. Chose the option carefully.
  3. Enter acquisition proposal and post. Make sure the date must be opening date of balances.
  4. Enter depreciation proposal and post. Make sure the accumulated depreciation is calculated correctly as per the fixed asset register provided by client.


[NOTE: You may need to reverse the JVs, if opening balances are already posted through trial balance in general ledger module.]

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