Define Depreciation Categories

OBJECTIVE

The Define Depreciation Categories function is used to group similar assets.

This option can be used with the depreciation tax category (for example, rolling stock).

Steps

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

Create a depreciation category

Enter the required information in the Main Fields tab:

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

Fields followed by the * character are mandatory fields.

Field

Description

Category*

Code that identifies the category.

Description*

Description that identifies the depreciation category.

Project where the equipment is located must have revenue to calculate depreciation

Tells the system that the equipment in this depreciation category must not be depreciated if the project on which they are located have not generated revenue during the month, if the box is checked.

NOTE: This field is only available if the Equipment module is installed.

Switch an equipment not completely depreciated to an equipment completely depreciated on a project with revenue

Tells the system to force substitution of completely depreciated equipment with other equipment that is not completely depreciated if it is located on a site that generated revenue during the month, if the box is checked.

NOTE: This field is only available if the Equipment module is installed.

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.

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.

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.

Account / Accumulated Depreciation

General Ledger

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

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

Field	Description
Category*	Code that identifies the category.
Description*	Description that identifies the depreciation category.
Project where the equipment is located must have revenue to calculate depreciation	Tells the system that the equipment in this depreciation category must not be depreciated if the project on which they are located have not generated revenue during the month, if the box is checked. NOTE: This field is only available if the Equipment module is installed.
Switch an equipment not completely depreciated to an equipment completely depreciated on a project with revenue	Tells the system to force substitution of completely depreciated equipment with other equipment that is not completely depreciated if it is located on a site that generated revenue during the month, if the box is checked. NOTE: This field is only available if the Equipment module is installed.
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.
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.
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.
Account / Accumulated Depreciation General Ledger	General ledger account used by default to post to the accumulated depreciation for this depreciation category. NOTE: If these fields are used, the fields associated with the project must be empty.

Click Save.

Define Depreciation Categories

OBJECTIVE

Steps

Create a depreciation category

See also