Define Accounting Periods for Straight-Line Depreciation of Fixed Assets

You can define 13 accounting periods to calculate straight line depreciation. You must calculate depreciation daily and distribute across the relevant periods. You can also define these accounting periods in the FA - Projected Value report.

Note

To calculate depreciation using both the old (360 days) and the new methods (365 or 366 days), create separate depreciation books; one for the old method, and one for the new method. Attach these books to the relevant assets.

To define accounting periods to calculate straight line depreciation

  1. Choose the Lightbulb that opens the Tell Me feature icon, enter Depreciation Books, and then choose the related link.
  2. To open a new Depreciation Book Card page, choose the New action.
  3. On the General FastTab, fill in the fields as necessary. Hover over a field to read a short description.
  4. Choose the OK button.

To define accounting periods in the FA - Projected Value report

  1. Choose the Lightbulb that opens the Tell Me feature icon, enter FA - Projected Value, and then choose the related link.
  2. On the Options FastTab, fill in the fields as necessary. Hover over a field to read a short description.
  3. Choose the Print button to print the report or choose the Preview button to view it on the screen.

See Also

United Kingdom Local Functionality
Set Up Fixed Asset Depreciation