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Automatic Calculation:
- Go to Accounting > Service Tools > Month-End Closing, select Calculate Depreciation and click Execute. The system will automatically include depreciation in the month-end processing.
Manual Calculation:
- Go to Asset Management > Fixed Asset Documents > Fixed Asset Depreciations and create a new document. Click Calculate to list all active fixed assets. Use the Manual Processing button to adjust depreciation amounts or add specific assets manually. Assets marked for manual processing will not be included in the automatic calculation.
Depreciation for an asset stops when its net book value equals its Salvage Value or zero if no Salvage Value is set. You can review net book values through the Depreciation Statement report.
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The "Closing the Month" document may display a warning when calculating the depreciation of the company's assets.
Click on the triangle to read what the error is related to.
Go to the Fixed assets directory. Open the inventory card of the fixed asset specified in the error description.
The card details display excessive depreciation, which typically results from disorganized month-end closing procedures.
Cancel the closing of the months from the moment of the error to the current period.
Close the periods in chronological order.
The error will be fixed.
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