Fixed asset value model and depreciation book merge

In previous releases, there were two valuation concepts for fixed assets - value models and depreciation books. In the Microsoft Dynamics 365 for Operations (1611) release, the value model functionality and depreciation book functionality have been merged into a single concept that is known as a book.

The new book functionality is based on earlier value model functionality but also includes all functionality that was previously provided only in depreciation books. Book as a merging of value model and depreciation book functionality Because of this merge, you can now use a single set of pages, inquiries, and reports for all your fixed asset processes. The tables in this topic describe the earlier functionality for depreciation books and value models, together with the new functionality for books.

Setup

By default, books post to both the general ledger (GL) and the fixed asset subledger. Books have a new Post to general ledger option that lets you disable posting to the GL and post only to the fixed asset subledger. This functionality resembles the earlier posting behavior for depreciation books. The journal names setup has a new posting layer that is named None. This posting layer was added specifically for fixed asset transactions. To post transactions for books that don't post to the GL, you must use a journal name that has the posting layer set to None.

Depreciation book Value model Book (New)
Post to the GL Never Always Option to post to the GL
Posting layers Not applicable 3: Current, Operations, and Tax 11: Current, Operations, Tax, 7 custom layers, and None
Journal names Depreciation book journal names GL - Journal names GL - Journal names
Derived books Not allowed Allowed Allowed
Depreciation profile override at the asset level Allowed Not allowed Allowed

Processes

Processes now use a common page. Some processes are allowed only if the Post to general ledger option is set to No in the book setup.

Depreciation book Value model Book (New)
Transaction entry Depreciation book journal Fixed asset journal Fixed asset journal
Bonus depreciation Allowed Not Allowed Allowed
Delete historical transactions Allowed Not Allowed Allowed, unless you're posting to the GL
Mass update Allowed Not Allowed Allowed, unless you're posting to the GL

Inquiries and reports

Inquiries and reports support all books. Reports that aren't included in the following table previously supported both depreciation books and value models, and will now continue to support all book types. The Posting layer field has also been added to reports, so that you can more easily identify the transaction postings.

Depreciation book Value model Book (New)
Inquiries Depreciation book transactions Fixed asset transactions Fixed asset transactions
Fixed asset statement Not allowed Allowed Allowed
Fixed asset basis Allowed Not allowed Allowed
Fixed asset mid-quarter applicability Allowed Not allowed Allowed

Upgrade

The upgrade process will move your existing setup and all your existing transactions to the new book structure. Value models will remain as they currently are, as a book that posts to the general ledger. However, depreciation books will be moved to a book that has the Post to general ledger option set to No. Depreciation book journal names will be moved to a general ledger journal name that has the posting layer set to None.