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1. Go to Fixed Asset pageUnder Actions tab, click "Calculate Depreciation". | Image Modified |
| Details |
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FA Posting Date | Same as Posting Date | User Force No. of Days | Turn on this option only if user wish to set no. of days to calculate depreciation | Force No. of Days | Input 30 days if user wants to have same depreciation amount every month. If not, system will use no. of days of that particular months for calculation. e.g. January - 31 days, February - 28 or 29 days | Posting Date | Same as FA Posting Date | Document No. | Document number for the FA depreciation entries | Posting Description | After posting, the description will be carried to General Ledger Entries |
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3. Check and Post Fixed Asset G/L Journal System will then calculate and generate journal entries to Fixed Asset G/L Journal. User need can click on "Yes" to go to Fixed Asset G/L Journal for checking. | Image Modified |
*Once checked the system generated entries, if it is ok, then user can post the entry. | Image Modified |
Fixed Asset G/L JournalAccount Type: Fixed Asset Account No.: Choose the Fixed Asset for deprecation FA Posting Type need to choose "Depreciation" Then complete that double entry by input the balancing account. Then Post the Journal | Image Modified |