This page allows you to process depreciation transactions for relevant assets.
To select the depreciation periods for relevant assets, go to Assets/Entries/Process.
You can filter the assets that you want to display. To search for assets, you can define one or more of the following criteria and click Refresh. The assets that match the search criteria you have entered are then displayed.
Select the relevant year to list assets to be processed for depreciation from the last processed year up to the selected year.
Type the relevant period to list assets to be processed for depreciation from the last processed period to the period for the year selected in To Year.
Type or select a journal where the related financial transactions will be recorded to.
Type or select the relevant asset group range to specify the assets that should be processed for depreciation transactions. Select All to list all asset groups.
Type or select the relevant serial number range to specify the assets that should be processed for depreciation transactions. Select All to list all serial numbers.
Type or select the relevant item code range to specify the assets that should be processed for depreciation transactions. Select All to list all item codes.
Select this to exclude depreciation transactions for closed periods. To open or close periods, go to System/Settings and then click General settings. Next, click Period-date calendar under the Period and year control section.
Click this to update the search results based on the defined criteria.
Click this to select all periods listed in the results section.
Note: This button changes to Deselect all when it is clicked.
Click this to view the asset card.
Note: This is available when only one asset is selected.
Click this to view the resource card of the resource currently using the asset, if available. By default, it shows the ID of the resource who created the asset card.
Click this to view and maintain the details of the asset.
Click this to process the selected assets. This will create the required depreciation transactions.
Note: The selected rows determine the end periods of processing for each asset. When this is clicked, the previous periods will be processed as well. For example, for a year with periods 1 – 12, if period 5 is selected for Asset A and period 2 is selected for Asset B in the list, when Process is clicked, the transactions created are for periods 1 – 5 for Asset A and 1 – 2 for Asset B.
Click this to exit.