Update Current Period Depreciation Amount

Use this toolkit to clear values from the Current Pd Depreciation field(s) in the Asset Master records for the selected book(s)and to re-set the values to zero.

This toolkit will be most useful before initialization, when you may have calculated depreciation for test purposes but are not yet ready to go forward in "live" mode.

Note: If you have calculated depreciation, you cannot close the current Fixed Assets (FA) period until the depreciation is either posted or manually cleared from the Current Pd Depreciation field in the G/L Book Info tab of the Manage Asset Master Information or on the Manage Asset General Ledger Book Information screen. In turn, you cannot close the G/L accounting period until the current FA period has been closed.

If you are not ready to post the calculated depreciation, you can use this toolkit to avoid tedious manual intervention in each asset record by automatically clearing the depreciation so the G/L period can be closed.

If you run this toolkit inadvertently, you can re-calculate depreciation in Costpoint Fixed Assets. If you have not changed any data in the Asset Master records that are used in the depreciation computations, the system will re-populate the Current Pd Depreciation field with the same values that were computed before you ran this toolkit, assuming that the Current Pd Depreciation field only contains values calculated by the system.

This is a basic toolkit, by which data can be changed in your Asset Master records.

You can run this toolkit at any time. Because this toolkit will be most useful before you use Costpoint Fixed Assets in a live database, you should run this toolkit for a specific purpose.