Fixed Asset Depreciation Posting

Use the Fixed Asset Depreciation Posting form to post the depreciation transactions to the Fixed Assets Distribution Journal. The journal then posts the calculated depreciation for the period to the General Ledger. The system posts depreciation only for "Regular" and "Active" assets.

The system performs the following tasks for each depreciation schedule:

1. Sets each asset's number of units depreciated, accumulated depreciation, and year-to-date depreciation
2. Clears the current depreciation
3. Posts the current depreciation to the Fixed Assets Distribution Journal.

NOTE: Depreciation Schedules are user-defined in the Fixed Asset Parameters form. You can have up to four different ways of depreciating an asset, one for each of the defined schedules.

Related Topics

Posting Depreciation to the General Ledger