User Question

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

Root Cause

Fixed Asset Statuses have been changed but "Depreciate" and "Depreciate in current month" were not enabled in new Fixed Asset Statuses .

Diagnostics

• Open  Fixed Asset Statuses tab in Fixed Asset.
• Note that analytics for the "Other Non-Current Liabilities" GL account (4060000)  match the document analytics (Company, Contract)

Resolution

The “Account Cr Dimensions” field in the Bank Receipt is not Applicable because the analytics defined for the “Other Non-Current Liabilities” GL account (4060000) already correspond to the document analytics (Company and Contract). Therefore, there is no need to enter the same information twice, which helps prevent inconsistencies and reduces the risk of errors.

Related Materials

6.2.1.9. Bank Receipts (Other)

Product / Configuration

FirstBit ERP/FirstBit Accounting/FirstBit Contracting

Functional Area / FirstBit Software Section

Money/ Accounting

Thank you for being FirstBit customer!

Alternative User Questions / Keywords

#Account Cr Dimensions, #Account Cr Dimensions field in Bank Receipt, #Account Cr Dimensions filed,  #Account Cr Dimensions Column