8691: Fixed Assets I in Microsoft Dynamics GP 10.0

8691: Fixed Assets I in Microsoft Dynamics GP 10.0 Course Description

Duration: 1.00 days (8 hours)

The one-day Microsoft Dynamics GP Fixed Assets course delves into the accounting cycle and the processes required to enter, depreciate, and retire fixed assets. This course shows how to perform additional functions such as changing asset information, mass changes, partial transfers, partial retirements, and retirement undo.

A thorough understanding of these topics allows companies to keep accurate records and learn to use comprehensive reporting features to present data in different ways. This course also teaches how to define default values that automatically populate data fields and gather the information you need to make better business decisions by exploring powerful inquiry and lookup functions.

Next Class Dates

Contact us to customize this class with your own dates, times and location. You can also call 1-888-563-8266 or chat live with a Learning Consultant.

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Intended Audience for this 8691: Fixed Assets I in Microsoft Dynamics GP 10.0 Course

  • » Customers wanting to learn the basic features and to develop a working knowledge of the typical day-to-day procedures required to effectively use Fixed Assets.
  • » The class is targeted toward data entry clerks, administrators; office managers, CEOs, and consultants who need to understand the technical aspects of Fixed Assets and gain foundational knowledge of the application's functionality.

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This Course is also part of:

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8691: Fixed Assets I in Microsoft Dynamics GP 10.0 Course Objectives

  • » Perform all Fixed Assets related data entry functions including creating asset records
  • » Maintain asset records using transfers, changes, and retirements
  • » Print detailed reports to verify data and financial analysis for audit trail purposes such as posting journals, depreciation registers, financial details and other asset reports
  • » Identify the impact of the Fixed Assets module on other Microsoft Dynamics GP modules
  • » Troubleshoot and correct input errors including an incorrect posting period and how to delete records

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8691: Fixed Assets I in Microsoft Dynamics GP 10.0 Course Outline

      1. Overview and Setup Procedures
        1. What is a Fixed Asset?
        2. Fixed Assets Features and Benefits
        3. Fixed Assets Setup Checklist
        4. Company and Financial Setup Procedures
        5. Build Fixed Assets Fiscal Calendar File
        6. Enter Quarter Records and Synchronize to Fiscal Years
        7. Purchasing Interface Options
        8. Account Groups
        9. Post Accounts
        10. Insurance Class Records
        11. Class Records
        12. Book Records
        13. Book Class Records
        14. Fixed Assets Setup
        15. Lease Company Records
        16. Location Records
        17. Physical Location Records
        18. Retirement Setup Records
        19. Structure Records
        20. Fixed Assets User Preferences
        21. Fixed Assets Setup Reports
        22. Entering Existing Assets
      2. Daily Procedures
        1. Fixed Assets Daily Procedures Checklist
        2. Asset General Information
        3. Asset Account Information
        4. Asset Book Information
        5. Asset Book ITC Information
        6. Asset Insurance Records
        7. Asset Lease Information
        8. Asset User Data
        9. Payables Management Interface
        10. Purchase Order Processing Interface
        11. Purchasing Transactions Integration Issues
        12. Fixed Assets Inventory Reports
      3. Maintaining Records
        1. Select Assets
        2. Depreciation Projections for a single asset or group of assets
        3. Changing Asset Information
        4. Changing Asset Book Information
        5. Mass Change
        6. Transferring Assets
        7. Mass Transfer
        8. Retiring Assets
        9. Mass Retirement
        10. Retire Undo
        11. File Maintenance
        12. Deleting Assets
        13. Reconcile
        14. Retrieve Information
        15. Fixed Assets Projection, Transaction, and Utility Reports
      4. Period-End Procedures
        1. Fixed Assets Period-end Checklist
        2. Calculate Depreciation
        3. General Ledger Posting
        4. Reconcile Fixed Assets to General Ledger
        5. Purge Purchasing Transactions
        6. Fixed Assets Year End Checklist
        7. Year-End Reports and Routine
        8. Rebuild Fixed Assets Fiscal Year Calendar File
        9. Purge Inactive Asset Records
        10. Fixed Assets Period-end & Year-end Reports

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Do you have the right background for 8691: Fixed Assets I in Microsoft Dynamics GP 10.0?

Skills Assessment

We ensure your success by asking all students to take a FREE Skill Assessment test. These short, instructor-written tests are an objective measure of your current skills that help us determine whether or not you will be able to meet your goals by attending this course at your current skill level. If we determine that you need additional preparation or training in order to gain the most value from this course, we will recommend cost-effective solutions that you can use to get ready for the course.

Our required skill-assessments ensure that:

  1. All students in the class are at a comparable skill level, so the class can run smoothly without beginners slowing down the class for everyone else.
  2. NetCom students enjoy one of the industry's highest success rates, and pass rates when a certification exam is involved.
  3. We stay committed to providing you real value. Again, your success is paramount; we will register you only if you have the skills to succeed.
This assessment is for your benefit and best taken without any preparation or reference materials, so your skills can be objectively measured.

Take your FREE Skill Assessment test »

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Award winning, world-class Instructors

Charles W.
- Expert in Microsoft Office applications such as Excel, Word, PowerPoint, Outlook, Project, Visio, and Access as well as Adobe Graphic and Web Designer (InDesign, Acrobat, Photoshop, Illustrator, Dreamweaver and Flash Catalyst)
- Holds an A.A.S in Graphic Design as well as various Awards and Affiliations, including MCT, MCP, MCAS, and Office 2007 Master.
- Senior Lead Trainer for over 10 years.


Charles is a Technical Trainer & Instructional Designer for over 10 years. He is a Microsoft Certified Trainer and dedicates himself to Microsoft Office applications such as Excel, Word, PowerPoint, Outlook, Project, Visio, and Access. He is also an Adobe specialist and holds a degree in Graphic Design.

Charles is well known for his high evaluation scores, achieving 8.75 out of 9 on a regular basis, teaching in one-on-one, instructor-led, and web-based environments; one of the reasons for his high evaluation is his expertise in increasing personnel performance by developing and implementing programs constructed from the job task analysis process. Charles currently teaches Adobe Graphic and Web Designer, and Microsoft Office Specialist courses at NetCom Learning.
David H.
David is a hands-on, dynamic and experienced financial systems consultant with successful work history of implementing large scale ERP systems, managing and directly responsible for data migration, financial report validation and customization, end-user training, process documentation and automation. David has been a trainer for more 21 years.
Ginger M.
- Bachelor's Degree in Accounting and a Masters of Business Administration from Rutgers University.
- Over 9 years of experience as a Master Certified Trainer. Expert in MS Dynamics GP Financials, Installation, HR/Payroll, Project Accounting, Inventory and Integration Manager.
- Project Manager to various MS Dynamics Great Plains implementations.


Ginger holds a Bachelor's Degree in Accounting and a Masters of Business Administration from Rutgers University. Her career started as an Auditor for Deloitte & Touch and over the years she developed her passion for Microsoft Dynamics, implementing Dynamics GP and Project Cost in the Professional Services, Commercial Real Estate and Medical Facilities vertical markets.

Ginger's experience with Microsoft Dynamics is unparalleled. As a Certified Master Dynamics trainer, she stays abreast of the latest Dynamics modules and shares experience with a very hands-on training technique at NetCom Learning.
Lynn D.
- Over 25 years of experience working as Senior Financial Analyst and Senior Auditor.
- Professor of Graduate Management and Business School at the University of Phoenix since 2007.
- Microsoft Certifications in Financials, Trade & Logistics, Production and Human Resources Management as well as Microsoft Certified Trainer (MCT) since 2009.


Lynn is a very accomplished Senior Financial Analyst and Senior Auditor with over 25 years of experience. She has been a Microsoft Certified Trainer since 2009 and a Professor of Graduate Management and Business School at University of Phoenix since 2007. In addition to several other Microsoft certifications, she is also a specialist in Microsoft Dynamics AX.

Lynn has taught several Microsoft Dynamics AX courses at NetCom Learning and is described by her students as very knowledgeable, qualified, and patient with her approach. Her classes are very dynamic and energetic, just as the course per se.
Ramesh P.
Ramesh holds a Masters Degree in Computer Science with specialization in Information Security and is pursuing his Doctoral degree in IT from the University of South Australia (UniSA). He is a one of a kind trainer - he has been working in the IT field since 1995 and is an expert in C#, VB.NET, ASP.NET, Java/J2EE, PL/SQL, VB, ASP, and XML technologies. Ramesh also has extensive experience developing and implementing BizTalk and SharePoint in large corporations, as well as more than 10 years experience working with Oracle and SQL server/Sybase databases. With more than 19 certifications, Ramesh is an IT guru and trainer with worldwide experience, which includes presentations and trainings across US, Asia, and Middle East. He is a full time instructor at NetCom Learning and we couldn't be happier in having him as one of our Subject Matter Experts.
Ronald C.
- Founder and Managing Partner of Guided Technology Inc. which provides Microsoft consulting expertise and educational services for corporate and government.
- At Guided Technology, Ron was responsible for creating a strategic roadmap for First Data Corporation.
- At New York City Department of Finance, as Senior Manager & Design Architect, Ron designed and implemented IBM Servers collecting $15 billion in tax revenue.

Ron has always enjoyed teaching and instructing others, whether in the installation process of software and hardware upgrades, or as working as the Head of Training for Valinor, a Microsoft Consulting Partner, where Ron managed the company's training centers and worked as a Senior Instructor (MCT).

In addition to working in the management level of the business and software consulting market for over 18 years, Ron also worked as a Surface Warfare Officer and Weapons Officer in the United States Navy, serving two tours of duty. He served aboard the USS Tuscaloosa from 1984 -1987, and participated in two Western Pacific Deployments.

Ron loves basketball and played on Trinity College's varsity basketball team for all four years of college.

Satish R.

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