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Review background information about GL books and additional books, how depreciation or amortization is calculated, journal entries, capital leases, prepaid items, and more.
Related Topics:
- GL Book and Additional Books for Asset Depreciation
In addition to processing depreciation or amortization for your general ledger for your financial statements ("GL book" depreciation), you can have Deltek calculate depreciation or amortization differently by using "additional books." - How Depreciation or Amortization Is Calculated When You Run Depreciation Processing
When you run Depreciation Processing in the Asset Management application, the depreciation or amortization calculation for each asset item is based on the information that is entered for the asset item in the Equipment hub. - Journal Entries Created During Depreciation Processing
When you run depreciation processing in the Asset Management application for your GL book, journal entries are created for posting depreciation and/or amortization to your general ledger. Journal entries are not created when you run depreciation for additional books. - Amortizing Capital Leases
You can set up asset items in the Equipment hub for capital leases that will be amortized when you run Depreciation Processing in the Asset Management application. - Amortization Example for Leased Assets
This example shows the entries that you make in Deltek for a capital lease that will be amortized. - Amortizing Prepaid Items
You can enter asset items for prepaid items, such as general liability insurance, that will be amortized when you run Depreciation Processing in the Asset Management application. - Amortization Example for Prepaid Items
You can enter asset items in Deltek for prepaid items, such as general liability insurance, that will be amortized when you run Depreciation Processing in the Asset Management application. - Changing How Depreciation Is Calculated After You Have Processed Depreciation
After you run Depreciation Processing for an asset item, you may need to change or correct how depreciation has been calculated for it. - Rerunning Depreciation Processing
After you run depreciation for an asset item, if you change any information on the GL Cost, GL Book, or Additional Books tab in the Equipment hub that affects the depreciation calculation, you can rerun depreciation. - Processing Depreciation in a Prior Period
You can rerun depreciation processing in a prior period, if necessary. - Undoing the Posting of a Depreciation Processing Run
If needed, you can undo the posting of a depreciation processing run for your GL book or any additional books.
Parent Topic: Depreciation Processing