You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Need to upload opening FAR to system with depreciation reserve and YTD depreciation balances

Received Response
31
Views
5
Comments
in Assets 5 comments

Summary:

Opening FAR to be uploaded to the system with depreciation reserve and YTD depreciation balances

Content (please ensure you mask any confidential information):

Scenario:

The FAR is as of 31/03/2023. (Opening balances for 1/04/2023)

Depreciation Method = STL

Prorate Convention = Daily depreciation

Depreciation calender = April/March

Divide Depreciation = By days

When uploading the above particular FAR to start depreciation from Apr-23 in the system, what are the below options should be ideal;

  1. Upload to March-23 period with amortization enabled for 31/03/2023
  2. Upload FAR to Apr-23 period with amortization enabled to 01/04/2023
  3. Upload FAR to Apr-23 period without enabling amortization.

Version (include the version you are using, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!