...

Why Depreciation is not calculated during month-end-closing?

Problem / Symptom

The Depreciation is not calculated during month-end-closing.

Conditions

•  A new fixed asset Toyota RAV4 – 2025 (MVP000013) has been registered on 21/09/2026

  • Initial Cost: AED 90,000
  • Depreciation Method: Straight Line
  • Useful Life: 48 months

  • Depreciate in Current Month is enabled.

• The setting Enable Depreciation of Non-Current Assets is enabled
• Month-end-closing has been executed in chronological order

...

• Open  Fixed Asset Statuses tab in Fixed Asset.
• Enable "Depreciate" and "Depreciate in current month" in each new Fixed Asset Status. Post.
• Re-execute month-end-closing

...

The Depreciation is not calculated during month end closing if   "Depreciate" and "Depreciate in current month" were not enabled in  Fixed Asset Statuses. 

After posting  posting  Fixed Asset Statuses  month-end-closing should be re-executed.

Related Materials

12.1.1. Fixed Assets

12.1.4. Fixed Asset Statuses

Product / Configuration

FirstBit ERP/FirstBit Accounting/FirstBit Contracting

...