Settings for fixed assets

Settings -> Environment settings -> Settings for fixed assets

Check these settings before creating the first fixed asset card. Any changes made here will not affect fixed asset cards that have already been created.

1 There are two options for the beginning of depreciation calculation. In both cases, it is recommended to set the date of the first depreciation entry to the last day of the month in which the asset was acquired. This ensures that depreciation is calculated correctly on the fixed asset card and in the fixed asset report.

2 Option to choose how often depreciation entries are generated (monthly, quarterly or annually).

3 When the first depreciation entry is generated. Subsequent entries are generated on the same or a similar date, based on the selected interval.

4 Depreciation calculation method, usually the default linear method is suitable, but depending on the fixed asset, a degressive method may also be required.

If you have any additional questions, please write to us at support@simplbooks.ee

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