Define Depreciation Groups

OBJECTIVE

The Define Depreciation Groups option allows creating different depreciation groups to which are linked every fixed asset that must be depreciated.

The groups are subdivided into categories, so each group must be linked to a specific category. I.e. rolling stock/heavy and rolling stock/light material.

These groups allow to determine the accounting charge that will be linked to every fixed asset of the group, for both depreciation expenses and cumulated depreciation.

These settings are used if no accounting charge was directly determined in the fixed asset file. They have priority over those defined in the categories.
Accounting charges can pass through a Project/Activity/Group or simply through a general ledger account.

PREREQUISITE

Define Depreciation Categories

Steps

maestro* > Accounting > Financial Management > Depreciation > Define Depreciation Groups

Create a depreciation group

Enter the required information in the Main Fields tab:

The Configuration icon is used to define entry options for the Group field.

Fields followed by the * character are mandatory fields.

Field

Description

Category*

Code that identifies the category to which the group belongs.

NOTE: The available categories are from Define Depreciation Categories.

Group*

Code that identifies the group.

Description*

Description that identifies the group.

Distribution / Expense

Expense project, activity and group used by default to post the depreciation expense.

NOTE: If these fields are used, the fields associated with the general ledger must be empty.

NOTE: These values supersede those entered in the category.

Distribution / Accumulated Depreciation

Expense project, activity and group used by default to post the accumulated depreciation.

NOTE: If these fields are used, the fields associated with the general ledger must be empty.

NOTE: These values supersede those entered in the category.

Account / Expense

General Ledger

General ledger account used by default to post to the depreciation expense.

NOTE: If these fields are used, the fields associated with the project must be empty.

NOTE: These values supersede those entered in the category.

Account / Accumulated Depreciation

General Ledger

General ledger account used by default to post to the accumulated depreciation for this depreciation group.

NOTE: If these fields are used, the fields associated with the project must be empty.

NOTE: These values supersede those entered in the category.

Field	Description
Category*	Code that identifies the category to which the group belongs. NOTE: The available categories are from Define Depreciation Categories.
Group*	Code that identifies the group.
Description*	Description that identifies the group.
Distribution / Expense	Expense project, activity and group used by default to post the depreciation expense. NOTE: If these fields are used, the fields associated with the general ledger must be empty. NOTE: These values supersede those entered in the category.
Distribution / Accumulated Depreciation	Expense project, activity and group used by default to post the accumulated depreciation. NOTE: If these fields are used, the fields associated with the general ledger must be empty. NOTE: These values supersede those entered in the category.
Account / Expense General Ledger	General ledger account used by default to post to the depreciation expense. NOTE: If these fields are used, the fields associated with the project must be empty. NOTE: These values supersede those entered in the category.
Account / Accumulated Depreciation General Ledger	General ledger account used by default to post to the accumulated depreciation for this depreciation group. NOTE: If these fields are used, the fields associated with the project must be empty. NOTE: These values supersede those entered in the category.

Click Save.

Define Depreciation Groups

OBJECTIVE

PREREQUISITE

Steps

Create a depreciation group

See also