Define Depreciation Groups

OBJECTIVE

The Define Depreciation Groups function is used to divide a category into groups (for example, rolling stock/heavy and rolling stock/light).

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