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Column
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Notes
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Amortize
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Yes/No see below
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Amortize Start Date
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Date between DPIS and end of current period
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Transaction Comment
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Comment will appear in Transaction Inquiry
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When adding assets with depreciation reserve, you can choose to amortize the net book value over the remaining life of the asset. Assets use the Amortization Start Date to spread the remaining recoverable cost over the remaining useful life of the asset. This can only be performed in the period of addition.
When you choose to amortize an adjustment, Assets uses the Amortization Start Date to determine the amount of catchup depreciation to take in the current open period. The remaining depreciation is spread over the remaining life of the asset. You may optionally provide an amortization start date otherwise the adjustment will be amortized
from the open period.
Set ‘Amortize’ to ‘No’ if you wish to expense the adjustment.
Sections:
