Accounting Finance:Depreciation-Work with Asset Depreciation

Overview

• There are two types of depreciation proposals.
• They are work proposal and Update proposal.
• A work proposal can be created for a selection of assets, whereas an update proposal must include them all.
• Proposals with errors can never be updated, the errors must be corrected and you have to create a new proposal.
• Depreciation calculations are based on the depreciation rules and their connected modules.
• If asset balance accounts are changed during the life of an asset, the system will automatically create balance movements in the following depreciation run. The system will give a warning that such balance movements will be performed.

Create a Work Proposal for Asset Depreciation

• Click Asset Management→Asset management financial tasks→Depreciation tasks→Work with depreciations.
• Click Add (left side blue panel)

1. Enter the Asset type
2. Enter the Asset group
3. Click enter and asset number will be filled in
4. Click enter again

Depreciation-Proposal Creation

1. Enter Selection (optional)
2. Enter Description
3. Enter Depreciation period
4. Change Work proposal Y (the default for NO signifies that this will be an update proposal. YES signifies a work proposal to simulate depreciation for selected assets before updating)
5. Change Print control list Y
6. Click enter

Depreciation-Control List Printout

• Change Asset details Y
• Change Credit details Y
• Click enter

• Press F12 to move back to previous panel

Proposal Deletion

• Click Work with depreciations
• Double-click depreciation proposal
• Click Delete proposal (to delete the work proposal)
• Click enter

• Click Delete (left side blue panel)
• Click F12 to move back to previous panel