Calculating Depreciation Automatically

Once a month, or whenever you choose, you can run the Calculate Depreciation batch job. Assets that have been sold, assets that are blocked or inactive on the fixed asset card and assets using the manual depreciation method are ignored.

To Calculate Depreciation Automatically:

  1. Open the Calculate Depreciation batch job request form.

  2. On the Fixed Asset tab, you can set a filter to select the assets you want to depreciate.

  3. On the Options tab, fill in the fields. For Help about a specific field, click the field and press F1.

  4. Click OK to calculate the depreciation.

    The batch job calculates the depreciation and creates lines in an FA G/L journal.

  5. Open the Fixed Asset G/L Journal window.

    The program has filled in the No. of Depreciation Days field, so you can see how many days of depreciation have been calculated.

    If there is a check mark in the Insert Bal. Account field on the Options tab for the Calculate Depreciation batch job, a balancing line has been created.

  6. To post the journal, click Posting, Post, and then click Yes.

Related Topics

Posting Depreciation

Posting Depreciation Manually by Using FA G/L Journals

Posting Depreciation Manually by Using FA Journals

Viewing Depreciation Ledger Entries

Canceling and Recalculating Depreciation

Viewing FA Error Ledger Entries