Amanda Gambrell
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An error occurred while saving the comment Amanda Gambrell commented
I believe the fixed asset report should include the calculated depreciation for the year, not Annual Depreciation, as if an asset was put into service mid-year, the actual deprecation that is calculated is only a half year, not a full year, which is what the Annual Depreciation field reports.
The Fixed Asset Listing report should be better presented if it included the Asset Cost, Prior Accumulated Depr., Current Calculated Depr. (for the most current depreciation routine ran), and Net Cost (which would be cost less all accumulated depreciation).Amanda Gambrell supported this idea ·
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I agree this would be helpful. I have seen other software that had a checkbox for 'reverse' and the software automatically reversed the entry in the next period. No date was required, it just did the reversal the very next period.