Fixed assets rule determination: Creating fixed assets thru procurement category

Hello there D.M.-azing D365 Community!

Are you ready to explore and unbox another feature in Dynamics 365 for Finance and Operations? Well, let us not keep each other waiting and here’s another article which I want to share with you all.

Let us discuss in this article on how we can make use of the feature Business rules for fixed assets determination. Business rules for fixed assets determination is designed to create applicable conditions to identify purchases to qualify as fixed assets.

But before we can use this feature there are prerequisite set ups that we need to maintain.

• Set up an active procurement category
• Set up Fixed assets module
• Set up Organization-wide fixed asset identifiers under Procurement and Sourcing module

Once done with the above, we can now proceed in creating conditions for Business rules for fixed assets determination.

a. Navigate Procurement and Sourcing > Setup > Fixed assets > Business rules for fixed assets determination > Click New

b. Enter name and description for your Fixed asset rule

c. Under procurement categories section, select applicable procurement categories that you need to use

Once approved, the Purchase requisition can now be converted as a Purchase order and can now proceed the standard Purchase order process and invoicing.

I hope that you find this article as a helpful tool for you to better appreciate and understand, everything and anything, about Microsoft Dynamics 365 for Finance and Operations.

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