Visma.net ERP
About depreciation of fixed assets
Depreciation is used to spread the cost of an asset over its entire useful service life or the period over which the asset is used, until it is no longer usable.
You can calculate the depreciation and depreciate an asset only after you have released fixed asset transactions related to an asset acquisition, for example, the Purchasing+ transaction that the system generates after you have created an asset by using the Fixed assets (FA303000) window, or the Purchasing+ and Reconciliation+ transactions that the system generates after you have created an asset by using the Convert purchases to assets (FA504500) window.

You process the calculation of the depreciation expenses by using the Calculate depreciation (FA502000) window.
In this window, you specify
selection criteria to get the list of fixed assets, and the period to which the
depreciation should be calculated.
You also need to specify either the system should
only calculate the depreciation amounts for informative purposes, or to calculate
the amounts, and generate corresponding depreciation transactions, so that the
assets can be depreciated once these transactions are released.
To define it, you
should select one of the following options in the Action field:
-
Calculate only
With this option, the system calculates depreciation expenses, and generates no transactions.
You can view calculated amounts for each fixed asset in the Calculated column on the Depreciation history tab of the Fixed assets (FA303000) window. You can use these amounts for the planning purposes.To calculate depreciation expenses for all fixed assets, click Process all in the window toolbar.
To calculate depreciation expenses for some fixed assets listed in the table, select the check boxes next to the required assets, and click Process in the window toolbar. -
Depreciate
With this option, the system calculates depreciation expenses, and generates the Calculated+ transactions.
Once these transactions are released, their type automatically changes to Depreciation+.
You can view the calculated and depreciated amounts for each fixed asset in the Calculated and Depreciated columns on the Depreciation history tab of the Fixed assets (FA303000) window.To depreciate all fixed assets listed in the table, click Process all in the window toolbar.
To depreciate some of fixed assets listed in the table, select the check boxes next to the required assets, and click Process in the window toolbar.
You can also calculate depreciation for a particular fixed asset in the Fixed assets (FA303000) window.
In this window, you select a
required asset in the Asset ID field, and click Calculate
depreciation in the Actions menu on the window toolbar.
No transactions are generated with this process. To depreciate the asset, you need
to use the Calculate depreciation (FA502000) window.

You can view the depreciation history of an asset on the Depreciation history tab of
the Fixed assets (FA303000) window.
You can view an asset's
depreciation history in one of the following ways, depending on the Depreciation
history view option selected in
the Fixed assets preferences (FA101000) window:
- If the By book option is selected, you can filter depreciation history by
book.
In this case, you select a book to display its information in the window.
The depreciation history is a table that has years as columns and periods per year as rows. - If the Side by side option is selected, all the books to which the asset
is assigned are displayed simultaneously.
In this case, depreciation history is represented as a table with depreciation periods as rows and books as columns.
Related concepts
About fixed assets preferences
Related tasks
Release multiple fixed asset transactions
Generate periods for a book calendar
Related windows
Release fixed assets transactions (FA503000)
Fixed assets preferences (FA101000)
Calculate depreciation (FA502000)