Depreciation Processing Form
Use this form to process monthly depreciation and amortization for your general ledger (GL book) and any additional books that you set up for depreciation and amortization.
Depreciation or amortization is calculated for asset items from the Equipment hub.
Depreciation and amortization are processed for the accounting period that you have open at the time of processing.
In calculating depreciation or amortization, Vantagepoint uses information entered on the GL Cost, GL Book, and Additional Books tabs in the Equipment hub, including the depreciation method, depreciation basis, in-service date, and useful life in years.
If you use multiple companies, you must run depreciation separately for each company.
If you use multiple currencies, the depreciation journal entries use your company's functional currency.
- Related Topics:
- Display the Depreciation Processing Form
You display the form in the Asset Management application. - Toolbar of the Depreciation Processing Form
Use toolbar options to process depreciation and amortization or to schedule the process to run at a later time. - Contents of the Depreciation Processing Form
Use the fields and options on the form to select assets, specify the GL and additional books, and set related options.