Please note! There is a separate section in the Register Fixed Asset Groups procedure for depreciation percent and coding of calculated depreciation.What Does This Procedure Do?
This procedure is used to calculate the calculated depreciation for objects in the fixed assets register. Calculated depreciation is an internal transaction as opposed to scheduled depreciation that has to be a part of the external accounting (business accounting). The calculated depreciation is also usually based on current prices.
Calculations can be made for an optional period and for optional fixed asset groups or fixed asset objects.
Before the depreciation is executed, a ledger containing the fixed assets and their records is displayed. When depreciation is executed, an accounting order is automatically created and transferred into a voucher in the accounting. But the accounting order can also be printed and recorded manually, if desired.
The depreciation is performed according to the entered percentage for the current fixed asset group in the Register Fixed Asset Groups procedure.
The ledger/accounting order that is created when calculating and also the accounts that are charged, are loaded from each fixed asset group.
Please note! There is a separate section in the Register Fixed Asset Groups procedure for depreciation percent and coding of calculated depreciation.
The calculated depreciation can be based either on the acquisition value, replacement value, alternate value or the residual value. You can use different calculation bases for the depreciation depending on whether the fixed asset is fully depreciated or not. You select the basis for calculated depreciation under the Accounting tab in the Settings procedure in the Global Settings module.
The calculation of the depreciation is based on the number of days since the last depreciation. Regarding depreciation of new acquisitions of fixed assets, you have to enter in the system if the depreciation is to be calculated from the acquisition date or from the beginning of the fiscal year. This choice is made with the setting Starting date for depreciation of new acquisitions under the Accounting tab in the Settings procedure.
Window Functions
Read more about the Window functions under Window Functions in the MONITOR Basics guide.
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