Depreciation Process

Finance and Operations/AX User Forum
1

Hi all,

Kindly anybody please explain me the complete process of depreciation in steps. how to set depreciation profiles and all other steps.

Regards

Artata

2

Check this link , It may useful to you.

http://dynamicsuser.net/forums/t/34887.aspx

3

Thanks Ameen for your quick reply. I had read the post, it had helped me but i want to know an easy and stepwise process.

Say firstly we have to define a profile

than whats the next step and so on

Regards

Artata

4

Hi All,

I have created a new fixed asset.

Than i created a new fixed asset group and assign the group to the fixed asset i had created.

I also assigned value model and depreciation book to that fixed asset.

Now what should the next step?

Any assistance in this perspective would be highly appreciated

Regards

Artata

5

Hi, Depreciation book is not used for calculating depreciation, but for keeping the copy of assets records with different depreciation profiles and rates.

Try these steps :

FA group > Value model > Depreciation profile (with calendar setup) > Attach VM to FA group, and Dep profile to VM.

Create asset with the FA group and VM > Check depreciation periods in VM of FA

Post acquisition entry > Create depreciation proposal and post.

Regards

6

Hi Priyanka,

I would like to know one thing , do we need to assign the Fiscal calender or Fiscal year in the depreciation profile ? and what is use of this calender ?

7

Hi Ameen

The Calendar is used for calculating depreciation. Depreciation year -

Calendar – Updates the basis for depreciation calculation every year on the first of January.

Fiscal – Updates depreciation based on the fiscal year set up, General ledger > Setup > Periods> Periods.

Regards

8

Can you elaborate about the above sentences ?

9

Hi Priyanka,

Thankyou very much for the wonderful post. it hilped me alot.

Regards

Artata