Overview
This process checks the applied depreciation policy and starts the fixed asset depreciation.
The asset depreciation policy reflects applicable financial reporting standards, such as IFRS.
The periodic depreciation process is applied to fixed assets recognized as the company's assets only.
As a result of the process, the depreciation charge is calculated and posted in the fixed assets and cost accounting by companies.
Carry out periodic fixed asset depreciation flowchart
See how it works in the system
Open the link in a new tab and use the Administrator EN username. No password is required.
Paths
| Path | Assets management → Fixed and intangible assets reports → Fixed assets → Fixed assets register |
|---|---|
| In-app link EN code |
e1cib/data/Catalog.ReportsOptions?ref=89ee0050569f7a5511edfef13b7c0554
|
| In-app link RU code |
e1cib/data/Справочник.ВариантыОтчетов?ref=80e296f814c0abd411e9c37b9f0b52b4
|
How to review current asset accounting parameters
1. Go to Assets management, click Fixed and intangible assets reports, and then open the Fixed assets register report under Fixed assets.
2. In the As of: filter, specify an effective date.
3. Specify a Company.
4. Run the report.
5. Review the accounting parameters for the assets shown in the report.
See also How to change asset accounting parameters.
Paths
| Path | Profitability & cost → Month-end closing → Month-end closing |
|---|---|
| In-app link EN code |
e1cib/app/DataProcessor.MonthEndClosingOperations
|
| In-app link RU code |
e1cib/app/Обработка.ОперацииЗакрытияМесяца
|
How to specify a company
1. Go to Profitability & cost and then click Month-end closing under Month-end closing.
2. Specify a Company.
How to specify a posting period
1. Go to Profitability & cost and then click Month-end closing under Month-end closing.
2. Specify a Month.
Paths
| Path | Assets management → Fixed assets → Fixed assets documents |
|---|---|
| In-app link EN code |
e1cib/command/DataProcessor.FADocumentLog2_4.Command.FixedAssetsDocuments
|
| In-app link RU code |
e1cib/command/Обработка.ЖурналДокументовОС2_4.Команда.ДокументыПоОС
|
How to depreciate fixed assets
1. Go to Profitability & cost and then click Month-end closing under Month-end closing.
2. Choose the Final closing option.
3. Find the Fixed asset depreciation charge job and click Charge to start the depreciation.
4. The system will automatically:
- Calculate the depreciation.
- Fill the Fixed assets — Depreciation charge document.
- Post it in the asset accounting.
5. Go to Assets management and then click Fixed assets documents under Fixed assets.
6. Click the Depreciation tab and find the created documents.
Note
Paths
| Path | Profitability & cost → Month-end closing → Month-end closing → More actions → Jobs for calculating → Open jobs to calculate fixed asset depreciation |
|---|---|
| In-app link EN code |
e1cib/list/InformationRegister.JobsForCalculatingFixedAssetDepreciation
|
| In-app link RU code |
e1cib/list/РегистрСведений.ЗаданияКРасчетуАмортизацииОС
|
If the system did not start the depreciation:
1. Go to Profitability & cost, select Month-end closing under Month-end closing, click More actions, select Jobs for calculating, and click Open jobs to calculate fixed asset depreciation.
2. Create a new job.
3. Specify a Month and a Company.
4. Repeat the process from the beginning.
Note
If the system requires that you start the depreciation again:
1. Go to the Jobs for calculating fixed asset depreciation register.
2. Find the job for the relevant month and delete it.
3. Repeat the process from the beginning.
Paths
| Path | Assets management → Fixed and intangible assets reports → Fixed assets → Sheet of fixed assets depreciation charges |
|---|---|
| In-app link EN code |
e1cib/data/Catalog.ReportsOptions?ref=89ee0050569f7a5511edfef13b7c060f
|
| In-app link RU code |
e1cib/data/Справочник.ВариантыОтчетов?ref=80e296f814c0abd411e9c37b9f0b52b9
|
How to check depreciation results
1. Go to Assets management, click Fixed and intangible assets reports, and then open the Sheet of fixed assets depreciation charges report under Fixed assets.
2. Go to Settings and manage the necessary filters.
3. Run the report.
4. Analyze the information by:
- Asset
- Period
- Asset value
- Useful life
- Age of asset
- Depreciation amount