Running Depreciation

Depreciation is a Supervisory program that is limited to having one instance active at any one time. More than one would likely cause conflicts.
Its function is to parse Asset Components on a Period basis and create requested Depreciation, Revaluation and Disposal General Ledger Journal transactions (in that order).
Depending on Date settings, all three types of Journal may be created for the same Component.

Supervisor

Depreciation

Mandatory Prerequisites

Prior to running the Depreciation Process, refer to the following Topics

Accounting Periods (flagged as Current and Open for the Division) - Maintaining Accounting Periods

Asset and Component - Maintaining Assets
Division - Maintaining Divisions

Screenshot and Field Descriptions: Depreciation

Depreciation Year, Period: this is the Accounting Period for which Depreciation, Revaluation and Disposal Journals will be created.

Report: tick this to generate a Report of Journals.
If this is ticked without Transactions being ticked, the Report will show a trial version of un-numbered Journals.

Transactions: tick this to generate Journal Transactions.

Division: this is the Division ID.
If left blank, all Divisions will be parsed for Asset Components flagged for Journal Transaction creation.

Asset: this is the run supplied ID of the Asset currently being parsed for selected Journal creation.

Component: this is the run supplied ID of the Asset Component currently being parsed for selected Journal creation.

How Do I : Search For and Maintain Entities

These General Rules are described in the Fundamentals Manual: How Do I : Search For and Maintain Entities

How Do I : Run the Depreciation Process

Prior to running this application, Asset Components requiring Journals must have:
- A Depreciation Type of Straight Line.
- A Next Date which falls within the boundary of the Period selected.
- Additionally:
  - For a Revaluation - a Revaluation Date which falls within the boundary of the Period selected.
  - For a Disposal - a Disposal Date which falls within the boundary of the Period selected.
Select a Depreciation Year, Period.
Select a combination of Report and Transactions. Typically Report only could be run first as a trial. The Report could be checked and if OK Transactions could be run to creaet the Journal Transactions.
If a single Division is to be parsed, select it. Else leavethis field blank.
Click Start
Either allow the process to complete or, to prematurely halt the process, click Stop