by rwalliker » Mon Jan 08, 2018 5:13 pm
When you drill down on a fixed asset cost account you are provided with the a Fixed Asset forecasting facility
You can forecast Fixed Asset additions and disposals at summary level using this form You can also setup the Depreciation method and related Accumulated Depreciation and P&L Depreciation Charge accounts using this form or you can use the Fixed Asset Matrix under balance sheet assumptions As and when actuals are brought in the forecast is recalculated when the Recalc routine is run Any profit or loss on sale of Fixed Assets is saved back to the 1DISP system account The Fully Depreciated Assets line can be used to forecast the changing level of fully depreciated assets by month thereby allowing the forecast to reflect your underlying fixed asset register position by reducing the monthly charge The system stops depreciating assets when Accumulated Depreciation = Cost
The Breakdown/Finance button The Breakdown/Finance button takes you to another form that allows you to breakdown additions/disposals by item (ie a forecasting Fixed asset Register).
The AddAsset button allows you to add an asset or optionally to add a financed asset If adding a financed asset the loan form opens allowing you to enter the cost of asset and any deposit as well as the finance itself