Exact Financials (v3)

Fixed Assets Manual - Maintaining calendars

Maintaining calendars

The time during which an asset is depreciated is divided into periods. The calendar is used to define the depreciation periods over which the fixed asset is depreciated. The depreciation calendar is used to define whether the depreciation should be recorded weekly, monthly, quarterly or annually. The depreciation calendar states the number of depreciation periods per financial year. The periods of the calendar used as basis for journalization of the depreciation should be equal to the periods of the financial company and the period-date table in Exact Finance C/S. Maintain calendars in: [Master data, Maintenance, General, Calendar]

Example

If you want to depreciate quarterly, you create a calendar with 4 periods a year.

• If a calendar has not been defined for a certain year, you cannot depreciate fixed assets.
  
  
• When calendars have been used for depreciation, they cannot be changed anymore.

A calendar is linked to an asset book. See Creating asset books. By linking an asset book to an asset set, all fixed assets of this set will be depreciated according to the same calendar.

Finance Manual C/S > Contents > Working with fixed assets > Maintaining calendars