Hi Sharan, Welcome back. What JIRA issue are you referering to?
Regards, Pierre Smits *ORRTIZ.COM <http://www.orrtiz.com>* Services & Solutions for Cloud- Based Manufacturing, Professional Services and Retail & Trade http://www.orrtiz.com On Sat, Apr 5, 2014 at 11:17 AM, Sharan-F <[email protected]> wrote: > Hi Everyone > > I'm doing some testing in for Fixed Assets on 13.07 and have come across > the > following: > > *No Accounting Transaction at Asset Creation* > When you create an asset then you need to record the purchase cost in the > general ledger. The transaction is normally something like (Debit Cash / > Credit Asset Account). > > When you setup a depreciation method there is a link to create the > depreciation accounting entries but this type accounting transaction link > to > create the accounting transactions related to a new fixed asset doesn't > currently exist. > > The workaround is to manually create the transactions - so this would be > probably classed as "nice to have" > > *No Monthly or Quarterly Depreciation* > OOTB depreciation runs on an annual basis but I know that there are many > companies that run depreciation monthly or quarterly. > > Looking at JIRA I see that there is an existing one already dealing with > this. > > *Possble Incorrect Labelling* > On the Depreciation screen there is a "Depreciation history" section. When > you run the depreciation for an asset this section gets updated. I have > found that there is a label in this section called "Depreciation" but the > value displayed is NOT the depreciation amount but in fact the updated Net > Book Value of the asset (once the depreciation has been deducted). > > In my example I created an asset with purchase cost 900. I set it up with a > life of 3 years and straight line depreciation method. In theory this > should > depreciate the asset at 300 per year. > > After running the depreciation for the first year. The depreciation should > be 300, the accumulated depreciation should be 300 and the net book value > of > the asset should be 600 (instead of 900 because 300 has been deducted). > > Looking at the Depreciation History section I get: > > Purchase Cost = 900 > Depreciation = 600 (*Depreciation should is 300. The Net Book > Value > is 600*) > Date Acquired: 1st March 2013 > Expected End of Lift: 1st March 2016 > Next Depreciation Amount = 150 (which I also have a query on below) > > I think this may be linked to the Edit Fixed Asset detail screen where > there > is also a "Depreciation" field and when depreciation is run this is also > updated incorrectly updated with the Net Book Value. > > *Next Depreciation Amount * > There is another value here called "Next Depreciation amount" and it seems > to just display a value that is half of the last depreciation amount. (My > depreciation amount was 300 and it displays half of that 150). I've tried > this with other values and it consistently is adds a half of the actual > depreciation value to this field. > > Should this be the value of the next projected depreciation amount (eg 300) > or is it being used to hold the depreciation to date (so would update > depending on which day you viewed it)? > > Is anyone else using Fixed Assets for 13.07 and have you come across these? > > If not then is it OK to create a JIRA for the labelling and the next > depreciation amount ? Or if necessary I can add it to an existing one as I > see that there is a general one 5542 Fixed Asset Management Functionality. > > Thanks > Sharan > > > > > -- > View this message in context: > http://ofbiz.135035.n4.nabble.com/Fixed-Assets-Queries-13-07-tp4650201.html > Sent from the OFBiz - User mailing list archive at Nabble.com. >
