Fixed Asset Management in Microsoft Dynamics GP is a powerful tool. It is good to make sure everyone on your team is familiar with the lingo. In the official Fixed Asset Management Guide for Microsoft Dynamics GP you will find a glossary with the definitions for the following terms:
- Account
- ACRS (Accelerated Cost Recovery System) tables
- Amortization
- Asset
- Asset book
- Asset group
- Averaging convention
- Capitalize
- Clearing account
- Corporate book
- Cost basis
- Depreciation
- Depreciation-sensitive
- Expense
- Filter
- Fiscal period
- Fiscal year
- Inflation
- Insurance year
- Investment Tax Credit (ITC)
- Luxury auto
- Master asset ID
- Net cost basis
- Physical location
- Prior period adjustment
- Prior year depreciation
- Proceeds
- Projected depreciation
- Purchasing transaction
- Recalculate option
- Receiving
- Reset Life option
- Reset Year option
- Retire
- Section 179 Expense Deduction
- Special depreciation allowance
- Spread
- Suffix
- Switchover
- Tax book
- TEFRA
- Transfer
- Vendor
- Year-end closing
How many of those terms are new to you? Download the official Fixed Asset Management Guide for Microsoft Dynamics GP.
Interested in more details on Fixed Asset Management in Microsoft Dynamics GP?
Take a look at: Fixed Assets – A Forgotten Dynamics GP Module You Already Own and Eliminate Manual Entry in Dynamics GP Tip #4- Stop Tracking Fixed Assets In Spreadsheets and 90 Fixed Asset Reports Available in Microsoft Dynamics GP
If you are interested in setting up Fixed Assets in your Dynamics GP system contact CAL Business Solutions 860-485-0910 x4 or sales@calszone.com
By CAL Business Solutions, www.calszone.com
Follow us: @CALerpNews on Twitter
