Modify Depreciation Calendar Info
Explanation
Use this activity to add/modify depreciation calendars in IFS/Fixed Assets.
Prerequisites
Before the accounting period is checked/added, the following must have been completed:
- The accounting period must exist in IFS/Accounting Rules.
System Effects
As a result of this activity, books can be connected to a depreciation calendar.
Then the object transactions created will be assigned to depreciation calendar periods
and, if appropriate, posted to an accounting period based on this information specified
here.
Window
Depreciation Calendar
Related Window Descriptions
Depreciation Calendar
Procedure
Use the following procedure to check if the accounting period exists in IFS/Fixed
Assets:
- Open the Depreciation
Calendar window.
- Find the existing periods.
If the accounting period does not exist in IFS/Fixed Assets, do the following:
- Open the Depreciation
Calendar window.
- When information on a new accounting period is entered, all fields are mandatory,
excluding the Description field. In the Period field, you can
select a year from List of Values. A check is made that the accounting periods
are in sequence with regard to year and period and that the dates for Date
From and Date To are in sequence. A check is made that any accounting
year does not have fewer periods than the previous accounting year.
- You can specify the calendar as the default calendar used for depreciation
by selecting the Default Calendar check box. If there is a default calendar
already defined for the company, you cannot edit this check box.
- Save when finished.
In Depreciation Calendar,
the following operation is available:
- Create Depreciation Periods. This shows the dialog box
Create Depreciation
Periods. This operation is used for creating new depreciation periods
for an interval of years. In the Depreciation Period From Year field,
you specify the year from which accounting periods are to be created. In the
Depreciation Period To Year field, you specify the year up to and including
the accounting periods that are to be created. Acknowledge creation of accounting
periods by clicking OK. A check will be made that the accounting periods
have not been set up already. The accounting periods are copied from IFS/Accounting
Rules.