Creating depreciation calendar

This page allows you to create the depreciation calendar for depreciation book. The calendar defined in the ‘’Create Calendar’’ activity of the ‘’Accounting Setup’’ business component becomes the default calendar for the Corporate Depreciation Books and the Tax Depreciation Books, if any. The user can define a calendar for the user- defined Depreciation Books.

You can specify a unique code for the year and provide a description to it. You can also associate financial period to the year.

On creation the system updates the status of the calendar to “Active”. The system also updates the login ID of the user to the created by and the system date to the created date.

Select the “Create Calendar” link at the bottom of the “Create Depreciation Rule” page.

The “Create Depreciation Calendars” page appears.

The system displays the following field:

Status	The status of the depreciation calendar. The various statuses available are
	Active – The calendar on creation attains the “Active” status.
	Inactive – The calendar when inactivated, attains the “Inactive” status. The depreciation calendar can be inactivated in the “Activate / Inactivate Depreciation Setup” activity of this business component.

Enter the following fields in the group box:

Depreciation Book Code

Use the drop-down list box to select the code identifying the depreciation book. All the depreciation books defined in the “Set Depreciation Book” activity other than “Corporate” and “Tax” are listed in the drop-down list box. The system displays the first depreciation book from the list by default on launch of the page.

You can create your own depreciation calendar by providing a unique code or you can define the calendar as the existing financial year by seeking the help provided.

Financial Year Code	The unique code identifying the financial year (Alphanumeric, 15). Mandatory. The financial year code must be unique across depreciation books.
	Help facility available.
Description	The textual description pertaining to the financial year code (Alphanumeric, 100). Mandatory.
Start Date	The start date of the financial year (Date Format). Mandatory. The start date of the financial year must be one day after end date of the previous financial year.
End Date	The end date of the financial year (Date Format). Mandatory. The end date must be greater than the start date.

Click the “Get Details” pushbutton to retrieve the financial period details in the multiline.
Enter the following fields in the following fields in the “Financial Period Details” multiline if you want to define your own financial period:

Financial Period Code	The unique code identifying the financial period associated to the financial year (Alphanumeric, 15). Mandatory.
Description	The textual description pertaining to the financial period (Alphanumeric, 100). Mandatory.
Start Date	The start date of the financial period (Date Format). Mandatory. The start date of the first period must be equal to the start date of the financial year.
End Date	The end date of the financial period (Date Format). Mandatory. The date entered here must be greater than the start date of the financial period. The end date of the last period must be equal to the end date of the financial year.

Note: Atleast one financial period must be defined for the financial year.

If the period end date in the Row 1 is 30-9-2001, then the start date in the Row 2 must be equal to 1-10-2001.

Legacy Date	Use the drop-down list box to set whether the financial period is a legacy period from "Yes" and "No".
	Yes - indicates that the financial period is a legacy period. This means that the migration from the old system to the new system has happened in the middle of the financial year and this period has already been completed in the earlier system.
	No - indicates that the financial period is not a legacy period. This means the financial period is yet to begin.

Note: If "Yes" is selected for a financial period all the preceding financial periods must also have legacy dates.

If "No" is selected for a financial period, the subsequent financial periods must also not have legacy dates.

Click the “Create Calendar” pushbutton to create the depreciation calendar.

The system updates the status of the depreciation calendar to “Active”.

The system updates the login ID of the user to the created by and the system date to the created date.

The system displays the following fields:

Created By	The login ID of the user who created the depreciation calendar.
Created Date	The date on which the calendar was created.