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, then click on the FIXED ASSET CALCULATION button. .png)
FIXED ASSETS CALCULATION
DESCRIPTION: This program is used to calculate your fixed asset depreciation and post all entries to the General Ledger. It can be done monthly or at fiscal year-end.
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To access the Fixed Asset Calculation, click on the FIXED ASSETS button , then click on the FIXED ASSET CALCULATION button.
The following screen will appear:
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1. Enter the effective date you want to have fixed assets calculated through. (This can be the end of the month if you are doing this monthly, or end of the fiscal year if you are only calculating once a year.) You can hand enter the date, or use the blue calendar button.
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2. If you want just one entry made to your general ledger for the total of the depreciation for the year, click the white box. If you do not click this box, then after the calculation process has completed you will see that a number of credit entries have been posted to your general ledger.
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3. Click the EXECUTE button to calculate your depreciation.
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4. If the information on the following pop-up screen is correct, paying close attention to the date, then click YES to continue; otherwise click NO and make any necessary corrections.
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5. The following confirmation screen will appear when calculation is done. You may want to write down the journal number in case you need to go back into it for some reason. Click OK to return to the main Fixed Asset screen.
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