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Finance | Project Operations, Human Resources, ...
Answered

Last depreciation value in fixed asset

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Posted on by 70

Hi,

I have a requirement to display the last depreciation value posted for an asset in the fixed asset balances report.

I have to customize this report that is for sure but not getting any clue on what basis I will capture the last month depreciation value for any asset as there could be multiple depreciation entries posted for 1 fixed asset in various months!

Could you kindly share any input on this?

Thanks and rsgards,

Sonali Rout

I have the same question (0)
  • Suggested answer
    saurabh bharti Profile Picture
    15,039 Moderator on at

    Hi Sonali,

    You can consider the following logic:

    1. Filter Fixed asset transactions based on "Asset number and Book"

    2.  Filter Transaction type " Depreciation" for this combination

    3.  Now you can sort based on latest posted date (If posted date month is equal to To date month), depreciation amount

    Noe: Did you try the Fixed assets Gross block report???

  • Verified answer
    SouravDam Profile Picture
    11,730 on at

    Hello Sonali Rout,

    Couple of questions.

    --- Is there any specific reason to modify any standard report for example Fixed asset balances report as you mentioned; to display what is the last month depreciation value is recorded for asset?

    --- Fixed asset balances report covers almost all relevant details for an asset. For example; acquisition value, depreciation value, revaluation, write-up, write-down. And based on all these, net book value also display in this report. In that case, how you are expecting to display the last month posted depreciation value?

    --- Then is that value come for any calculation to determine the net book value for the asset ? Or it will just display the last month posted depreciation value only?

    I hope it should not come for any calculation. Otherwise you will end up with messing the standard report itself. Please correct me if I am wrong.

    Anyway.. you can consider the following to fetch the last depreciation posted value for any asset.

    1) Go to Fixed assets > Fixed assets > Select any asset > Click on Books > Check in Depreciation section > Date when depreciation was last run.

    5554.Capture.JPG

    --- Next; based on the date whatever is showing in Date when depreciation was last run field; find out what is the depreciation value recorded for the asset.

    --- To determine that depreciation value on this date; you have to consider the "Transaction type" as "Depreciation".

    Discuss this with technical person and explain the points to be noted here.

    --- After that, create a new column in the Fixed asset balances report to display the last depreciation posted value.

    Kindly check and update your feedback here.

    Best regards,
    Sourav Dam

    Kindly mark this thread 'Yes' if this is answered your query which may help other community members in this forum.

  • Sonali Rout Profile Picture
    70 on at

    Hi Saurabh,

    Thanks for the feedback.

    Where I can find this report you mentioned : - Fixed assets Gross block report ???

    I don't see any such report available in fixed assets module.

    Regards,

    Sonali Rout

  • Sonali Rout Profile Picture
    70 on at

    Hi Sourav Dam,

    Thanks for the feedback.

    Yes it will not come for any calculation. We simply need to display this as the last depreciation value posted in an asset. We will add a total for this too. That's it and nothing else. Appreciate for clarifying

    I will check the steps you mentioned and provide update.

    Regards,

    Sonali Rout

  • Sonali Rout Profile Picture
    70 on at

    Hi Sourav Dam,

    Thanks again for your explanation.

    We can validate the last depreciation amount posted based on the Date when depreciation was last run field value.

    Cheers...

    Thanks and regads,

    Sonali Rout 

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