Fixed Asset Setup: Depreciation and Averaging
Fixed Asset Setup: Depreciation and Averaging
Embedded Files
Step 1: Access the Depreciation and Averaging Module
Step 1: Access the Depreciation and Averaging Module
Navigate to the main side menu and click on 10. Maintenance.
Expand the 10.4 Fixed Asset Setup folder.
Select 10.4.3 Depreciation and Averaging.
Step 2: Define Depreciation Methods
Step 2: Define Depreciation Methods
Ensure the Depreciation Method tab on the left is selected.
Click New Record in the top toolbar.
Enter the following in the Depreciation Method Info section:
Code: A unique short identifier (e.g., "SL" for Straight Line).
Depreciation Method: The full name of the method.
Remarks: Add any relevant notes regarding this method.
Tick the Active checkbox.
Click Save at the bottom of the screen.
Step 3: Define Averaging Methods
Step 3: Define Averaging Methods
Select the Averaging Method tab on the left.
Click New Record in the top toolbar.
Enter the following details:
Code: A unique short identifier (e.g., "FM" for Full Month).
Averaging Method: The full name of the method (e.g., "Actual Days" or "Full Month").
Remarks: Include any specific logic descriptions.
Tick the Active checkbox.
Click Save.
Summary of Controls
Summary of Controls
At the bottom of the workspace, you can manage your entries using these buttons:
Save: Finalizes the current record.
Add New: Clears the form to immediately start another entry.
Reset: Clears all unsaved inputs in the current form.
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