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Adjustments - Fixed Asset Depreciation
This section details the GL posting for debit and credit transactions for a FA Adjustment - Depreciation transaction.
| Debit [Adjustment value] | MyAsset.myAnalysis.DepreciationAccount |
MyAsset.myProfitCentre.glAccount
MyAsset.myProfitCentre.myBranch.glAccountStructure
MyAsset.myBranch.glAccountStructure
GLControl.FADepreciationAccount
GLControl.suspense
| Credit [Adjustment value] | MyAsset.myAnalysis.ProvisionForDepreciationAccount |
MyAsset.myProfitCentre.glAccount
MyAsset.myProfitCentre.myBranch.glAccountStructure
MyAsset.myBranch.glAccountStructure
GLControl.FAProvisionForDepreciationAccount
GLControl.suspense
If the Post Depn to Job Cost flag is selected in Fixed Assets Module Control, and an open Job is specified on the Asset Maintenance - Main Tab, the two additional GL entries will occur using the following JC hierarchies
| Debit [Depreciation value] | JCActivityCode.debitAccount |
Job.ProfitCentre.glAccountStructure
GLControl.workInProgress
GLControl.suspense
| Credit [Depreciation value] | JCActivityCode.creditAccount |
Job.ProfitCentre.glAccountStructure
GLControl.suspense
Offset From Adjustment
| Debit [offset value] | GLControl.FAProfitOnSaleAccount |
| (Profit on sale account) | Asset.ProfitCentre.glAccountStructure |
Asset.ProfitCentre.Branch.glAccountStructure
Asset.Branch.glAccountStructure**
FAControl.ProfitCentre.Branch.glAccountStructure
GLControl.suspense
| Credit [offset value] | GLControl.FADisposalClearingAccount |
| (Disposal Clearing Account) | Asset.ProfitCentre.glAccountStructure |
Asset.ProfitCentre.Branch.glAccountStructure
Asset.Branch.glAccountStructure**
FAControl.ProfitCentre.Branch.glAccountStructure
GLControl.suspense
Offset From Adjustments should be entered as a positive value.
If the Post to Branch on Asset flag is selected in FA Module Control, then Asset.Branch.glAccountStructure moves up from line 4 in the hierarchy to line 2 in the hierarchy.
Offset To Adjustment
| Debit [offset value] | GLControl.FADisposalClearingAccount |
| (Disposal Clearing Account) | Asset.ProfitCentre.glAccountStructure |
Asset.ProfitCentre.Branch.glAccountStructure
Asset.Branch.glAccountStructure**
FAControl.ProfitCentre.Branch.glAccountStructure
GLControl.suspense
| Credit [offset value] | Asset.Analysis.CostAccount |
| (Cost Account) | Asset.ProfitCentre.glAccountStructure |
Asset.ProfitCentre.Branch.glAccountStructure
Asset.Branch.glAccountStructure**
FAControl.ProfitCentre.Branch.glAccountStructure
GLControl.FACostAccount
GLControl.suspense
Offset To Adjustments should be entered as a positive value.
If the Post to Branch on Asset flag is selected in Fixed Assets Module Control, then Asset.Branch.glAccountStructure moves up from line 4 in the hierarchy to line 2 in the hierarchy.
Notes:
- The example represents a positive adjustment. The debit and credit transactions will be reversed for a negative adjustment.
- A Depreciable Value adjustment does not update the general ledger.