Fixed Assets - Value Adjustment
Fixed Assets - Value Adjustment
Value adjustment shows data and events linked to the selected fixed asset:
when the purchase is made information about it are entered after the entry is
confirmed. And when the calculation of depreciation and revaluation is confirmed,
it also adds information from the confirmed calculation.
Date
| Creation date of the event:
- By acquisition it is thedate of activation of fixed asset, which is
at the same time the date according to which it is established when
depreciation calculation starts. If in the main window you change the
date of activation of fixed asset, then the date in this field (for
entry type 1 - Acquisition) is also automatically changed. In case
depreciation has ben already calculated it was probably calculated for
the wrong period. The program warns us about this (see Date of
activation has been changed! Should the date in the value adjustment
item also be modified? In this case it is mandatory that you verify the
validity of the calculated depreciation!). (If date of activation
does not exist at teh moment of entry to the register,
then date of acquisition of fixed asset is entered in this field -
possible modifications of date of activation may be entered subsequently
manually.
- in depreciation calculation
(type 21, 22 and 23) this is the date when you confirmed the
calculation (see depreciation calculation). In the next
report depreciation is calculated from the date displayed here!
- for the remaining entry types (3, 4, 5, 6, 7, 8) the date in value
adjustment is an indicator of the start of depraciation calculation for
this entry. When posting value adjustment
this date is used as the period date, to which the post belongs.
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Purchase value
| zThe amount
of (revaluated) purcahse value which is:
- the actual purchase value by acquisition of fixed asset
- after
the possible revaluation report revaluated purchae value of fixed asset
from the report
he value is always entered as a positive amount because the program
shall according to the entry type consider cases in which the value
entered here is deducted (tip
5
- Downward revaluation in downward revaluation accounts oziroma
23
- Depreciation in downward revaluation accounts ter
7
- Reversal of upward revaluation).
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Value adjustment
| The calculated value adjustment from
depreciation (and revaluatoin) report.
The difference between the purchase value and value adjustment is shown
as accounting (carrying) value.
The value is always entered as a positive amount because the program
shall according to the entry type consider cases in which the value
entered here is deducted (type 5
- Downward revaluation in downward revaluation accounts or rather
23
- Depreciation in downward revaluation accounts and
7 - Reversal of upward revaluation).
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Status
| Status
of fixed asset.
All active fixed assets by default have status AC,
nonactive ones (sold or written off and deactivated that is disposed
fixed assets) have the status NA.
When the inventory count sheet is
created it shall include only active fixed assets. That is those marked
for depreciation and revaluation calculation.
NONACTIVE FIXED ASSET CANNOT BE ACTIVATED AGAIN - if the need is such,
you have to reverse the deactivation of fixed asset.
|
Related document
| Internal ID of the document that is the base
for value adjustment:
Specific documents mentioned above can also be directly opened by
double-clicking the document ID.
If you delete the journal entry or depreciation calculation, this
does not mean that you deleted this record! - You can delete
the post by first deleting the journal entry for posting and then its ID
that can be found in this field. Only now you are allowed to post the
item once more. -
Deleting data from depreciation calculation is performed with the
restoring of the report.
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| Entry type |
It determines the type of record in the fixed assets register.
Types 21, 22 and 23 are created automatically. Others may be entered
manually and then posted. For a detailed treatment see topic Entry types.
|
| Account |
It tells you on which account is the purchase value of fixed asset, or
rather its upward or downward revaluation posted .
Data is filled automatically after the
entry type has been selected. It can be used for various summary
inspections and reports. Apart from this you can thus also keep track of
fixed asset for which you "transferred a post" from one account to the
other.
Type of entry - in which the program finds the data for Account
field
- 1 - Acquisition- Acquisition - Debit
account
- 21 - Depreciation on acquisition accounts - Acquisition - Debit
account
- 22 - Depreciation on upward revaluation accounts - Upward revaluation - Debit
account
- 23 - Depreciation on downward revaluation accounts - Downward revaluation - Credit
account
- 3 - Upward revaluation on acquisition accounts- Acquisition - Debit
account
- 4 - Upward revaluation on upward revaluation accounts - Upward revaluation - Debit
account
- 5 - Downward revaluation on downward revaluation accounts - Downward revaluation - Credit
account
- 6 - Disposal of fixed asset - no record
- 7 - Reversal of upward revaluation - Upward revaluation - Debit
account
- 8 - Reversal of downward revalaution - Downward revaluation - Credit
account
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Changing and deleting of individual records (date, purchase
value,
value adjustment, related document, entry type, account) in value adjustment
item of fixed asset and/or small tools is not allowed anymore after the
posting to the general ledger. The following message is returned:
You cannot change the item because it has
already been posted!
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