Need to upload opening FAR to system with depreciation reserve and YTD depreciation balances
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;
- Upload to March-23 period with amortization enabled for 31/03/2023
- Upload FAR to Apr-23 period with amortization enabled to 01/04/2023
- Upload FAR to Apr-23 period without enabling amortization.
Version (include the version you are using, if applicable):
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