Navigate to Accounting Home and click the Create Entries tab. Then, under the Ledger menu, click Fixed Assets.
Click New. The New Fixed Asset dialog box displays.
Enter the Fixed Asset Name and Value.
(Optional) Search for and select a Ledger.
Click Save.
Depreciate a Fixed Asset
Navigate to Accounting Home and click the Create Entries tab. Then, under the Ledger menu, click Fixed Assets.
Select a list view, such as All. Typically, you want to select a list view other than Recently Viewed.
Select the Fixed Asset Name that you want to depreciate.
Click Depreciate Asset. The Depreciate Fixed Asset intermediate screen displays.
Complete the following required fields.
Starting Accounting Period
Accounting Period Amount
Debit GL Account
Credit GL Account
(Optional) Complete any or all of the remaining fields, including selecting the Number of Accounting Periods from the drop-down list. Note:The Number of Accounting Periods default to 1.
Click Depreciate Asset. Note:Amortization entries for the number of periods selected will be automatically entered as scheduled expense entries. Click the Depreciation tab to view the links to the entries that were created.
It would be great if the Depreciate Asset VisualForce page could offer field sets as a way to expand the fields available. For example, it doesn't show AP or Billing, which we need to track in the case of a Fixed Asset we're adding.
Also, it would be great if the number of periods could be unlimited instead of being limited to 12. The Fixed Asset we're adding is going to be depreciated over 33 months.
Good suggestion Lloyd. Yes, field sets can include custom fields that customers create, automatically. One exception is Record Type. Application developers typically won't make the standard Record Type field available in the field set because it creates a package dependency. This can be worked around by including a field set with the package, but also making provisions for a customer to specify their own custom field set(s) through URL parameters or settings.
Your assumption is correct. We don't have plans to expand beyond straight-line at this point. This being said you can calculate depreciation any way you like pretty easily in excel and upload it to AS.
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It would be great if the Depreciate Asset VisualForce page could offer field sets as a way to expand the fields available. For example, it doesn't show AP or Billing, which we need to track in the case of a Fixed Asset we're adding.
Also, it would be great if the number of periods could be unlimited instead of being limited to 12. The Fixed Asset we're adding is going to be depreciated over 33 months.
Great suggestion Lloyd. This is an appropriate place for field sets. We do plan to expand beyond the 12 periods as well. Thx
Good suggestion Lloyd. Yes, field sets can include custom fields that customers create, automatically. One exception is Record Type. Application developers typically won't make the standard Record Type field available in the field set because it creates a package dependency. This can be worked around by including a field set with the package, but also making provisions for a customer to specify their own custom field set(s) through URL parameters or settings.
Rebecca,
Your assumption is correct. We don't have plans to expand beyond straight-line at this point. This being said you can calculate depreciation any way you like pretty easily in excel and upload it to AS.
Can field sets include custom fields which Accounting Seed customers add, or only fields which are part of the managed package?
I just want to verify - the depreciation generated by using the depreciate button on the fixed asset is just straight line depreciation, correct?
Is there a plan to increase the functionality to let the user choose different types?
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