Fixed Asset Depreciation Proposal

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Posted on by G Long

Every time I try to create a Depreciation Proposal for Fixed Assets, the Transaction Type always defaults to Acquisition.

There maybe an issue with my set up but from what I can tell, all appears to be set up correctly.

Any help would be greatly appreciated.

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BillurSamdancioglu 20,521 Most Valuable Professional on at

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Hi,

How do you create a depreciation proposal?

Please share steps with screen shots

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Ramit Paul 22,803 Most Valuable Professional on at

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When you create FA Journal, by default always this is Acquisition, once you create a depreciation proposal, then it will be changed and created as Dep type.

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Charlotte X Microsoft Employee on at

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Hi,

In the fixed asset journals, the transaction type of the transaction is used as the description. This is usually Acquisition or Acquisition adjustment.

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G Long 5 on at

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I start with creating an entry in the Fixed Assets Journal

Then I go into the Lines and remove the line that is automatically created

Then I go to "Proposals" and select Depreciation Proposal and fill in the values as shown below.

I am choosing the specific Fixed Asset group as I have performed an acquisition using that group earlier.

Then I click OK and the proposal runs and I get the Operation completed message but nothing happens.

This is where I am stuck. Any help is appreciated.

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BillurSamdancioglu 20,521 Most Valuable Professional on at

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Hi,

Please check if on the asset book of the asset, depreciation field is set to yes.

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G Long 5 on at

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Yes, the book and the book of the asset have the Calculate Depreciate field set to YES

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BillurSamdancioglu 20,521 Most Valuable Professional on at

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Can you please check profile on the asset book if it calculated depr.

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G Long 5 on at

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Yes, the Calculate Depreciation is set to YES

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VENKAT6452 287 on at

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Hi G Long, I think you are trying to depreciate the FA which acquired on the same day. Please try to create depreciation proposal for the FA which acquired earlier. I got the same issue earlier but resolved.

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Frank Hamelly | MVP... 46,625 Moderator on at

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Venkat has a great point. Change the "To" date in your proposal to the end of the month. You won't get any depreciation if you try depreciating on the same date you acquire.

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