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Fixed asset depreciation - automatically calculate for actual no of days per month

Posted on by 2,437

Hi All

When running depreciation, we can manually set the force no of days and the number for a month that has more or less days than 30. Is there a way to configure the system so users do not  have to remember and manually set this? 

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  • Suggested answer
    Dallefeld Profile Picture
    Dallefeld 11,425 User Group Leader on at
    RE: Fixed asset depreciation - automatically calculate for actual no of days per month

    There is not a way to do what you are asking. User's have to manually change. This is why we are seeing most companies just do 30 days depreciation in each month. The year then is in good shape and each month is equal with no large deviation because there are 28/29 or 31 days

  • Samantha73 Profile Picture
    Samantha73 2,437 on at
    RE: Fixed asset depreciation - automatically calculate for actual no of days per month

    Thanks but the solution I'm looking for is pretty simple and do not want to hard code 31. It must be based on the month and this is pretty normal. I guess there is no way the standard can do this automatically

  • KasparsSemjonovs Profile Picture
    KasparsSemjonovs 3,926 Super User 2024 Season 2 on at
    RE: Fixed asset depreciation - automatically calculate for actual no of days per month

    In Depreciation Book card there is a checkmark - "Fiscal Year 365 days". If You want it always to give 31 day, then You would need to add checkmark - in depreciation Book to Allow more than 360/365 days, and do a little customization to this report, so it has the pre-filled values of 31 and Use Force No of days = True.

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