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

Problem / Symptom

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

The Statement of Depreciation report has been generated without changes in Depreciation (Asset Management - Reports - Statement of Depreciation) , or it may be generated directly from Fixed Asset.

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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 in Fixed Asset Entry.

• The setting Enable Depreciation of Non-Current Assets is enabled
• 12.1.4. Fixed Asset Statuses  changing were created several times after Fixed Asset entering.
• Month-end-closing has been executed in chronological order

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• 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

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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

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Alternative User Questions / Keywords

#Depreciation is not calculated , ##Fixed Asset Statuses , #Depreciation method,  #Depreciate in current month