Change Depreciation – A summary of the activity

This activity allows you to change the depreciation rule assigned for an asset earlier. The depreciation method or the depreciation rate can be changed for processing. After changing the depreciation rule, it can be processed. If the number of assets selected exceeds certain limit, the depreciation can be processed in batches. After the asset / tags are processed, you can confirm the process run. This activity also allows you to delete the process run before confirmation. You can also view the change in depreciation charges after change in depreciation rule.

The system saves the change setup number and its respective details. The system updates the status of the setup number to “Active”. On processing, the system generates a new process run number based on the numbering type selected and updates its status to “Processed”. The accounting entries will be posted in the books of account after confirmation. The system updates the status of all assets / tags and the process run to “Confirmed”. The system also updates the status of the setup number to “Confirmed”.

The system updates the status of all asset tags to “Unprocessed” and the status of process run number to “Deleted”. The system also updates the status of all change set up numbers attached to the process run to “Deleted”.

Getting familiar with the pages inside

What you can do in this activity

Set new rule for asset

Process new depreciation rule

Process depreciation in batches

Confirm depreciation process

Delete the process run

View change depreciation

View suspension depreciation

View revaluation depreciation

Set new rule for asset

The depreciation rule that has already been set for an asset can be changed.

•  Go to “Setup for Change Depreciation” page.

•  Specify the change setup number and its description.

•  Specify the new depreciation rule number.

•  Set the depreciation rule.

Process new depreciation rule

The new depreciation rule that is applied on an asset can be processed.

•  Go to “Change Depreciation” page.

•  Specify the process date and the process depreciation.

The system generates a process run number based on the numbering type. The system updates the status of the process run to “Processing”.

Process depreciation in batches

If the total number of assets or asset tags exceeds the limit set in the “ OU Process Parameter” business component, the depreciation can be processed in batches.

•  Go to “Change Depreciation” page.

•  Batch process the depreciation.

Confirm depreciation process

The process run that is in “Processed” status can be confirmed. The accounting entries will be posted in the books of accounts after confirmation.

•  Go to “Confirm Change Depreciation Process” page.

•  Specify the process run number and retrieve the details for confirmation.

The system updates the status of the process run to “Confirmed”.

Delete the process run

The process run before confirmation can be deleted.

• Go to “Confirm Change Depreciation Process” page.

•  Specify the process run number and retrieve the details for deletion.

The system updates the status of the asset / tag to “Unprocessed”.

View change depreciation

The change or the difference in the depreciation charged after applying new rule can be viewed through this activity.

•  Go to “View Change Depreciation” page.

•  Specify the process run number and the number identifying the change setup to view the corresponding details.

View suspension depreciation

The difference in the depreciation charged during suspension period after adoption of new depreciation rule can also be viewed.

•  Go to “View Suspension by Period” page.

•  View the suspension depreciation.

View revaluation depreciation

The change in depreciation charged on the revalued cost of an asset can be viewed in this activity.

•  Go to “View Revaluation Change Depreciation” page.

•  Specify the process run number and the number identifying the change setup to view the depreciation charge details.