Depreciation Overview of a Fixed Assets starts Depreciation Calculation from Subsequent Period but the Depreciation Start Date is from Preceding Period
In this blog, we shall see the how logic of the depreciation calculation for a fixed asset is derived in the Depreciation Overview Screen
Issue: We you can see in the below screenshot that the depreciation start date is 01.10.2015 but the depreciation overview shows the calculation from period 011
To know how system did this:
Step 1: You can open the help document ‘Using Depreciation Methods’ and Under ‘Depreciation Methods — Pre-delivered per Country you can click on ‘Country XYZ’
For every country there is a specific document for depreciation from which can know the ‘Period Control Method’
So, for this depreciation method, the Period Control Key is 003
Step 2: Look for help document ‘Period Control Methods and Keys’ and in this document Under ‘Period Control Method Tables’ you can find for the period control method: 003
So now for each transaction is assigned to a different ‘Period Control Key’ , you can compare what is that transaction you did for the acquisition of Asset, and in the above Asset , we used ‘Transfer‘ of old asset to create/capitalize this Asset.
So, the Period Control Key Applicable is 02
Transfer = 02 ; under period control method 003
This states that if the transaction was done before 15th of a current period then the Depreciation Calculation starts from current period, and if the transfer is done to acquire/capitalize a Fixed Asset after 15th of current period then the Depreciation Calculation starts from Next Period
So, the same thing has happened in the above Fixed Asset : 104, Although the Depreciation Start Date shows as 01.10.2015, since the Asset is acquired based on Transfer – Receiving took place on 16.10.2015, the Depreciation Overview shows the calculation starts from period 100
Please drop in your comments/feedback, if you have any regarding this blog post.
Hope this helps someone of you.
Note: The above screenshots are taken from our internal test system only