NAV - Fixed Assets, Straight Line Depreciation, Monthly Depreciation, 30 days

• Confirm Setup
• Depr. Books>Navigate>FA Journal Setup
• Enter User to allow FA entries
• Create a Fixed Asset
• Assign it to a book, straight line, 5 depreciation years (60 months)
• Post acquisition at 7-Feb-2018 for $4245.39
• Set Depreciation Start Date 1-Mar-2018 (We want to start depreciating as at the next month)
• Run Depreciation for 31-Mar-2018
• You should get an fa g/l entry for 70.76 for 30 days
• As long as you run depreciation between the first and last day of any month, it should calculate based on 30 days
• If you try to run it in the middle of the month, it will calculate based on exact number of days between dates, and end up calculating accurately, but incorrectly due to the 28,31,30 days that may exist between the dates.
• Add Vat Bus Posting Group info
• Insert Bal Line
• Add Vat Bus Group Info
• Enter Gen. Posting Type
• Disposals must be negative