Hi @lubos and everyone. Can i request that you add the Feature to specify period in Fix Asset Module like the Summary Tab? Scenario is that I have recorded my depreciation entries (Straight Line) for my assets for its entire useful life. I saw this as alternative for not having recurring depreciati…

Yes, but nevertheless it is not good practice to add depreciation expenses to future years as explained.

Agree totally - accounting records should not include future expenses and incomes, no matter how definite they are Accounts record historical data not some future ideal

[image] ibadlon: Scenario is that I have recorded my depreciation entries (Straight Line) for my assets for its entire useful life. I saw this as alternative for not having recurring depreciation entries. I believe the issue is Manager’s depreciation functionality is not complete. So while th…

That’s all very well, but what if you purchase more fixed assets in the meanrime or dispose of one of your existing assets?

[image] Tut: You need to use Manager’s features for what they are designed to do. You cannot expect changes to the program to accommodate your misuse Hi @Tut , I don’t think we have misused the program here. We only have recorded the entries simply because we don’t want to do this every month. …

[image] ibadlon: Can i request that you add the Feature to specify period in Fix Asset Module like the Summary Tab? I realized that you already posted this same request under a topic in ideas 14 days ago Recurring and automatic depreciation - #16 by ibadlon I’m sure you are aware that this is…

[image] ibadlon: I believe the principle is just the same with recurring entries, only that this is already recorded. But that is a crucial difference. Recurring transactions are only templates for future entries. You are actually recording depreciation expenses.

[image] ibadlon: Can i request that you add the Feature to specify period in Fix Asset Module like the Summary Tab? @eko the above was main point of this topic. I just have pointed the reasons to where my request was coming from. Although this might be similar to the other topic, I believe it…

@ibadlon what is the difference between: [image] Recurring and automatic depreciation It would be easier to set the period to which a depreciation is applicable to eliminate manual preparation of the entry. [image] ibadlon: Can i request that you add the Feature to specify period in Fix A…

Sorry for the confusion. In recurring and automatic depreciation, the “Period” meant the Period you set for start and end of the entry. Like the below. [image] In this topic, since I have recorded all entries including future ones, the request is to limit or set period in the Fix Asset Tab so tha…

Fix Asset Module

eko May 19, 2023, 6:28am 15

@ibadlon what is the difference between:

Topic		Replies	Views
Fixed Assets auto-depreciation	36	3474	January 18, 2023
Change Request: Fixed Asset Summary Report	8	1033	January 18, 2023
Fixed Asset Depreciation	22	3236	January 18, 2023
Would love for custom field on Asset report	17	1131	January 18, 2023
Additional report for Fixed Asset ideas	13	2827	November 16, 2021

Fix Asset Module

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