Asset Depreciation

To Run Depreciation Click Asset Management -> Asset Depreciation Run, Click Create New

Once the details are entered, Click ADD

Therefore, Depreciation is RAN and ledgers are impacted.

Ledger Impacts:

On the same screen, under reports section, it can be viewed that an AUTOMATED ENTRY is created by SYSTEM.

DR = Depreciation Ledger (Ledgers which are assigned as "Depreciation Ledger" during Asset Creation or in Asset Master).

CR = Accumulated Depreciation Ledger. (This will be one single Ledger for all Assets).

Note:

When Enhancement is done for the Item, You need to go in Asset Master -> Open particular Asset Record -> Go to Asset Depreciation Section -> Click on recalculate (reload icon) the depreciation again & then click on SAVE.

Asset Reporting:

1. All Asset Depreciation Details: This report will give you complete details about Asset for which months depreciation is RAN  (Depreciation Booked = Y) and which months Depreciation is pending (Depreciation Booked = N) with all other required info.

2. All Asset Details Report: This report will give till date Asset Depreciated Value, Net Book Value with all required info.

3. Asset Summary Report: This report will give as of any date, asset-wise purchase, depreciation & net book value which will match with TB. To get summary, group by Category (Drag and Drop Category Column as shown in below pic) & Export the Summary.