User Guide
Recalculation of Financial depreciation on upload
With the help of this feature, users will be able to initiate the re-calculation of financial depreciation on upload without the need to delete and re-create the Fixed Asset. Here’s how:
Navigate to the Asset for which financial depreciation needs to be recalculated.
For any Financial Depreciation schedules that are already posted, please navigate to the General Ledger and manually delete the journal entries for those posted schedules.
In the Financial Depreciation tab for that Asset, delete all the depreciation schedules by selecting all of them and clicking on Delete.
Make any needed edits in the Asset tab.
Navigate to the top right of the page and click More actions within the Asset record and click on Regenerate Financial Depreciation.
Wait for a few seconds and expand the drop-down list for Financial Depreciation Details and Financial Depreciation Schedules to see the list of updated schedules.
This process can be repeated as many times as needed to get the desired result.
*This feature cannot be used unless the Accumulated Depreciation Before and Last Posting Date Before Import fields are populated for an Asset.
