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Finance | Project Operations, Human Resources, ...
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fixed assets calendar

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Posted on by 173

Hi,

Is there any specif calendar used for fixed asset that is called Fixed assets calendar.

in the depreciation profile 2 types of calendars are available 1. Fiscal calendar and second one is calendar. Please explain what is the difference .

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Regards

Vinay Prudvi

I have the same question (0)
  • Ludwig Reinhard Profile Picture
    Microsoft Employee on at

    Hello Vinay,

    Do you want / need to record depreciation amounts different from the periods that you use in accounting in general?

    In other words, why do you need a specific fixed asset calendar?

    Would be great if you could explain.

    Many thanks and best regards,

    Ludwig

  • vinay prudvi Profile Picture
    173 on at

    Hi Mr.Dr.Ludwig,

    Generally in depreciation profile we are using Fiscal calendar, My question is  any specific fixed asset calendar is available, what is the purpose and where we have to define.

    Regards

    vinay

  • Verified answer
    Ludwig Reinhard Profile Picture
    Microsoft Employee on at

    Hi vinay,

    One can make use of fixed asset calendars to specify different periods for fixed asset transactions compared to the ordinary fiscal calendar that is used elsewhere. Have not seen this used often.

    If needed then you can find some additional information on previous threads posted in this forum or via the following link:

    docs.microsoft.com/.../about-fiscal-calendars-fiscal-years-and-periods

    If you don't have a specific requirement for using them then just ignore this feature and follow your ordinary fiscal calendar that is used elsewhere.

    Best regards,

    Ludwig

  • vinay prudvi Profile Picture
    173 on at

    Thank you Mr.Ludwig

  • Ludwig Reinhard Profile Picture
    Microsoft Employee on at

    Hello vinay,

    Please let us know if there is anything else to help with.

    Otherwise, it would be great if you could get the answers verified.

    Many thanks,

    Ludwig

  • Ludwig Reinhard Profile Picture
    Microsoft Employee on at

    Hello vinay prudvi,

    Is there something left open / not answered?

    Best regards,

    Ludwig

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