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assetmanagement:maintenance:inventorymaintenance:depreciation
Depreciation Distribution Records - BAM3000
Asset Management > Maintenance > Inventory Maintenance > Depreciation Distribution Records
This tab is used to define how the depreciation should be distributed throughout the general ledger for only capital assets (inventory type C). You can add a new distribution, change an existing distribution, delete an individual distribution, or delete all depreciations for a record.
Note: The only reason records should be deleted is if the item is no longer classified as a capital item (C). Then, the depreciation record must be deleted before the item can be changed from a C to an inventory item (I). Each account code is a separate record in the file. There should be distribution records for each year that depreciation is calculated for an item. After the initial records have been added, the future annual records are added during the year-end process. Each account number and the percentage of use by the function must be entered. If no percentages are entered, depreciation will not be distributed properly.
Add or modify a depreciation record:
| Retrieve an existing item. |
In the Item Nbr field, type the item number to be retrieved, if known. If the number is less than ten digits, the field is auto-filled with leading zeros. Click Retrieve.
• If the item number is not known, click Directory.
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❏ Click +Add to add a depreciation record.
| Field | Description |
|---|---|
| Year | Type the year for the records to be added or viewed in the YYYY format. This year must be the same year in the Asset Management Options table, and it also must be included in the Fiscal Year table. |
| Description | The description of the item selected in the grid at the top of the page is displayed. The account code and percentage of each distribution for the item depreciation are populated in the grid. |
| Account Code |
Type the account code to which the transaction is to be posted.
• Press the SPACEBAR to view a list of account codes associated to your user profile. If the account code is not known, click |
| Percent | Type the percentage of use to be distributed to each account code. The percentages entered must total to 100 percent. |
| Account Code Description | The description of the selected account code is displayed. |
Note: The grid is populated with the selected account codes and descriptions, but not the percentages for each account code.
❏ When all account codes have been entered and the percentages total to 100 percent, click Save to update the distribution records and continue adding records.
Other functions and features:
| Retrieve |
The Retrieve button is also used to retrieve information from the last save. If you click Retrieve, any unsaved changes are lost. |
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Click to delete a row. The row is shaded red to indicate that it will be deleted when the record is saved.
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| Documents | View or attach supporting documentation. |
assetmanagement/maintenance/inventorymaintenance/depreciation.txt · Last modified: 2022/08/02 15:40 by emoreno