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Hi
I have Asset Leasing commencement date in the middle of the month and the lease convention is set as none.
The period end date for Asset Depreciation Schedule is 7/31/2020, How can I change to 8/14/2020 so the depreciation expense will be calculated correctly.
Hi partner,
Please check the document:
docs.microsoft.com/.../depreciation-methods-conventions
The end date in the depreciation schedule will be always at the end of the month in the start date, and there is no functional way to change it. The recommendation is to use "Full month" as a "Lease convention" Not "None" to avoid inaccurate calculations in the lease interest. Please check this short video for Lease convention - community.dynamics.com/.../lease-convention
Also, please consider raise a product enhancement suggestion on Ideas portal experience.dynamics.com/.../
In addition to that if there are standard accounting documentation support your requirements, please add/share it to give it more visibility.
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