Enhancements to fixed assets

Business value

The fixed asset model contains broad functionality, but some of the features require numerous manual steps. Our focus with this release wave is to make those processes more efficient by adding functionality for specific actions, such as transferring assets between legal entities. The goal is to make the users more efficient, by shortening the steps and processes.

Feature details

Fixed asset intercompany transfer - The intercompany transfer feature lets you transfer assets between legal entities. Select the source asset and its book, and preview key financial details like acquisition cost, accumulated depreciation, and net book value. You can process the transfer as a disposal. Choose to create the destination asset automatically or select existing assets. The feature copies asset data to the destination entity, lets you preview destination values, and automates posting acquisition in the destination asset and disposal transactions in the source asset.

Mid-month intercompany transfer support - This feature transfers the fixed asset across legal entities by supporting an accurate asset transfer on any date of the month.

• Transfer wizard calculates prorated depreciation from the last depreciation date to the transfer date.
• System posts the necessary depreciation adjustment automatically before processing the transfer.

New transfer value methods - This feature provides flexible valuation options for intercompany transfers.

• Introduces new value as the third transfer value method besides acquisition and depreciation and net book value.
• Supports automatic profit and loss calculation based on new value of the asset transfer.

Redesigned in-legal-entity split experience - This feature delivers an improved, scalable framework for splitting assets.

• Adds a split mapping framework for consistent rules across asset groups and books.
• New split wizard supports multi‑asset selection, destination setup, preview, and journal creation.
• Enables split by percentage, amount, or quantity, with options for spot or historical exchange rates and before and after previews.

Enhancements for reducing‑balance depreciation - This feature ensures accurate depreciation for migrated and transferred assets using reducing‑balance methods.

• Adds logic to capture or derive prior‑year ending net book value to establish the correct depreciation base.
• Supports accurate depreciation for opening balance migration and mid‑year intercompany transfers.

Geographic areas

Visit the Explore Feature Geography report for Microsoft Azure areas where this feature is planned or available.

Language availability

Visit the Explore Feature Language report for information on this feature's availability.

Related content

Fixed asset intercompany split and transfer (preview) (docs)