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Asset Management / Asset Portal / Depreciation

Define Depreciation Logs

Depreciation logs document the monthly periods for which you calculate depreciation costs. Typically, you want to create a record for each month in the calendar year, so that you can calculate depreciation expenses for each month. Depreciation logs are stored in the Depreciation Logs table.

From Web Central, the Define Depreciation Logs task presents a Web form to enter and update data; from the Smart Client the task is shown in a grid view. Grid views are the most efficient method when doing bulk updates. The following procedure are applicable to both tasks.

To define depreciation logs:

1. From the Process Navigator, select Asset Management/Depreciation/Define Depreciation Logs.
2. Do one of the following:
   • From Web Central, from the top of the Depreciation Logs list, click Add New.

     The Depreciation Log pane shows the fields for entering the new record.

   • From the Smart Client, click in the first row of the grid to enter the new record.

3. Enter the following information:
• Log Name: Enter a unique identifier for each reporting period. This is the key value of the table.
• Closing Month: Select the last calendar date of each reporting period.
• Log Active?: Select Yes or No to determine whether the depreciation calculations report on this log when making calculations. If this field is set to No, the calculations do not calculate depreciation for this period. Set this option to No when you want to restrict the periods for which the application's actions calculate depreciation.
4. To save the data, do one of the following:

   • From Web Central, click Save.

   • From the Smart Client, click outside the row to save the data.