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Hi All,
Is there an option to set up fixed assets so it takes into consideration how many days per month like 30, 31,28, and depreciation is calcluated for the actual number of days?
Thanks
Did you try "Use Force No. of Days" in the Calculate Depreciation batch?
thanks.Good news is this change the calculation and provide a figure high or low depending on no of days you enter. Bad news is this is a manual setting you need to enter (no of days for the month each time). Second, the calculation itself - annual figure/12 * no of days/30.
Ideally this should be annual figure/365 *no of days so total remains same. Perhaps this one is for ideas forum
Right, you need to enter the "No. of Days" manually ... could be difficult to calculate the No. of Days in case you do not calculate and post depreciation on a monthly base.
Regards 360 vs. 365 days ...
Did you try to with "Fiscal Year 365 Days" enabled in the "Depreciaiton Book" ?
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