Depreciation table methods (FA202600)

This topic gives you information about the elements that you find in this window in Visma Net, such as fields, field values, buttons, and check boxes.

The depreciation method determines how the asset cost is allocated over the useful life.Visma Net provides multiple predefined depreciation methods, but you can also create the required custom depreciation methods.

To create a custom table-based method, specify the depreciation percent of the depreciable basis that will be allocated over every year of the asset's useful life:

• First, add a table method of the class type that will be used to aggregate methods of the asset type.

• Then, add methods of asset type that are used to specify the annual percentage for the selected convention period.
  

With table-based depreciation methods, the system does not take into consideration the acquisition date of the asset.
The depreciation amounts within the year are calculated based on the period of the asset acquisition.

Search line in list window

If you are in the list window, the first line in the table is a search line. Each column has a search field which you can click to search for or filter on specific values and narrow down the displayed table rows. You can search and filter in as many columns as you need to, to only display the results you want to view.

There are two types of search fields:

• White: here you can type a specific search term to display results in this column containing this exact value. If you search on several (partial) words, you can separate them by a space or % and get different results:

  • space: the result contains the words in any order,

  • %: the result contains the words in the specific order, and the % functions as a wildcard as well.

• Grey: you can click this to open the column filter pop-up window where you can filter the results for this column.

The top part

In this area, you can enter information for a new depreciation method, or view or edit the information for an existing one.

Element	Description
Depreciation method ID	The identifier of the depreciation method.
Record type	The object type for which you can specify the current depreciation method. The following options are available: Class: A class methods is used to join separate methods of asset type into one method that can be assigned to a fixed asset class. The quantity of aggregated methods of asset type equals the number of conversion periods in a financial year that you specify for the class method. You can select this depreciation method while you are creating a fixed asset class in the Fixed asset classes (FA201000) window. Asset: An asset method is a part of a class method that specifies the asset depreciation in the selected conversion period of a financial year. The class of the asset is specified in the Class method field. Both: A class method of this type is used if assets of this type must be depreciated once a year. You can select this depreciation method while creating a fixed asset class in the Fixed asset classes (FA201000) window.
Class method	The method used to group the methods of the asset type. This field is available for the Asset record type only.
Useful life, years	The period of time (in calendar years) the asset is supposed to be in use.
Recovery period	The useful life in months or the useful life (in years) multiplied by 12.
Description	A brief description of the depreciation method.
Averaging convention	The convention that determines how fixed assets will be depreciated for the period within which the asset was acquired or disposed. Select an averaging convention depending on the depreciation method you specified. For the available options, see About averaging conventions
Convention period	The period number in the financial year to which the averaging convention method is applied.
Total percent	Read-only. The percent of depreciation by years. The value of this box should always be 100%.
Source	The source of the method which can be predefined or custom. The predefined methods are included in Visma Net and cannot be modified or deleted. The custom methods have been configured in your Visma Net instance and can modified as needed.

The table

You use the table to specify the depreciation percent of the depreciable basis for recovery years of the selected method of asset type; depreciation calculations for every recovery period may differ.

Column	Description
Recovery year	The year of the useful life within which the asset is depreciated.
Percent per year	The depreciation percent of the depreciable basis that must be allocated over the specified recovery year.