Fixed Assets - Value Adjustment

• By acquisition it is the date 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 depreciation calculation for this entry. When posting value adjustment this date is used as the period date, to which the post belongs.

• the actual purchase value by acquisition of fixed asset
• after the possible revaluation report revaluated purchase 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 or 23 - Depreciation in downward revaluation accounts or 7 - Reversal of upward revaluation).

The difference between the purchase value and accumulated depreciation 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).

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.

• by acquisition (entry type 1-Acquisition) this is the information from the Related document field
• by revaluation and depreciation report (entry type 2X) this is the internal ID of the (confirmed) calculation
• if value adjustment has been manually entered and then posted it by using the posting value djustment function from the right mouse click menu (it is valid for entry types 1 and 3 to 8), this is the journal entry ID where the entry has been posted

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.

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.

Entry type tells us about the change posted on fixed asset account.

Entry types 21, 22 in 23 are used for depreciation calculation and come automatically to fixed asset account after confirmation of depreciation calculation.

Users without strengthen and impairment of fixed assets will only use entry type 1 - Acquisition, 21 - Depreciation on acquisition accounts and 6 - Disposal of fixed assets.

Available entry types are:

• 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 revaluation - Downward revaluation - Credit account

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 revaluation - Downward revaluation - Credit account