Depreciation

Each month the system works out how much value the equipment lost. It prepares the run; somebody checks it and confirms it.

Where

Fixed Equipment › Items › Depreciations

Who

Anyone allowed to see depreciation; preparing and confirming need their own rights.

The screen lists the months that are due and not confirmed yet. Press Prepare with the month’s name beside it: it is always the oldest month still due.

The run appears in the list with its Period, its State and its Total. Press Open under Run sheet.

Depreciations: the monthly runs with their state and total

Check the sheet: each item with its Method, its Amount and How it was worked out, and a total per currency. If something on an asset was wrong, correct the asset and press Prepare again.

Press Confirm. Nothing is posted before that.

Months are prepared and confirmed in order, oldest first. An asset joins a run only when it has a purchase cost, a depreciation method and a useful life: its Depreciation tab says what is missing. Amounts in different currencies are never added together.