Depreciation of Assets should be an annual routine, as part of the preparation of annual accounts. In VisionVPM, Assets can be depreciated either individually or all together.
To Depreciate Assets
Go to: Main menu > General Ledger module > General Ledger menu > Depreciate Asset
From the Depreciate Assets window, in the Depreciate To field, type the date for when you wish to depreciate the asset(s).
Click OK.
Note: To select an asset to depreciate, select Selected Asset, and then from the Asset List window, double-click the asset.
Note: Clear the Write Depreciation to General Ledger check box if you do not want a depreciation journal to be posted to the general ledger.
As a result, all assets, or the selected asset will be depreciated.
The Current Value on the Asset Register window will also be reduced.
Assets may require manual adjustments at time, for example the record needs to be changed at time of sale.
