Create depreciation entries

Use this option to generate depreciation entries based on the depreciation method defined for the selected fixed asset.

'Delete fixed asset links for fiscal year' option

You can delete all depreciation entries from the current fiscal year by choosing the option 'Delete fixed asset links for fiscal year', which you can find by selecting the Create Depreciation Entries item on the Fixed Assets tab. When you select the option, the following actions will be performed:

• The general day book pages created for depreciation, decommissioning and sales/scrap relating to the current fiscal year will be deleted.
• All acquisition costs and depreciation values of the new fixed assets added in the current fiscal year will be deleted.
• If any fixed assets were registered as sold or decommissioned in the current fiscal year, their registration will be undone.

If, for example, your accountant asks you to register a fixed asset in November of the closed previous fiscal year, you need to perform the following steps: First delete all fixed asset links relating to the current fiscal year. Then open the previous fiscal year, add the fixed asset, and create depreciation entries for periods 11 and 12 (November and December). Lastly, register the fixed assets again, including all links, in the current fiscal year. As re-registering all links can be quite a time-consuming task, you are recommended to use the 'Delete fixed asset links for fiscal year' only if strictly necessary.