Microsoft introduces a new useful feature in Dynamics GP 2016 R2 that enable the option to include tax amounts in Dynamics GP. This feature enables the users to include tax amounts in capitalised item from Purchase Order Processing. The 'Include Tax in Acquisition Cost' option can be configured at Fixed Assets Company Setup window. Path: MSDGP > Tools > Setup > Fixed Asset > Company To illustrate how the feature works, refer to guided steps below. 1. Assuming you are purchasing a new office equipment fixed asset using Purchase Order. The asset purchase value at $820, with tax $49.20, total purchase value for the asset is $869.20. 2. After the Shipment and Invoice Matching is done, the asset purchase detail should be interfaced to Fixed Asset module now. 3. To record the newly purchased asset, go to Asset General (Cards > Fixed Assets > General). 4. After select the "Class ID" to trigger the generation of next Asset ID...
Act as Microsoft Dynamics GP Consultant nearly 10 years now, based in Malaysia. Following an early career as statutory auditors and independent accountants to a range of growing businesses in the finance industry, later moved into the area of IT in business with the expansion of technology. Offering implementation, support and training Microsoft Dynamics GP to customers for more than 10 projects across ASEAN region. Now we are offering Dynamics 365 Business Central implementation too.