Adjustments - Fixed Asset Depreciation

Learn about the GL posting for debit and credit transactions for an Fixed Assets 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 Main tab of the Asset Maintenance form, the two additional GL entries occur using these 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 on the Fixed Assets Module Control form, 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 on the Fixed Assets Module Control form, then Asset.Branch.glAccountStructure moves up from line 4 in the hierarchy to line 2 in the hierarchy.