This page is for MYOB Acumatica consultants
Check all changes in a test environment before taking them live. Make sure all related features still work as expected and that your data is unaffected.
In the Fixed Assets Preferences screen, there is an option called “Show Accurate Depreciation”. When this option is ticked, the system will display the accurate Calculated depreciation amount for a fixed asset. Let’s have a look into the example below to understand the effect of this setting.
Build 2021.117.400.6951 [21.117.0037] onward.
Suppose each month the system calculates depreciation based on the formula of the depreciation method. Once the fixed asset is depreciated, you can post a Fixed Asset transaction of type Depreciation Adjustment to adjust more or less for the current period. If you adjust and add more depreciation for the current month, then next month the system will calculate less. For example, I have a fixed asset that costs $60 and 1 year Useful Life, so using Straight Line, every month the fixed asset depreciates $5.
In period 09-2021, I decided to post an extra $4 Fixed Asset Transaction Depreciation+ - which brings the depreciation of that month to $9.
The screenshot below display the effect of the “Show Accurate Depreciation” checkbox in the Fixed Assets Preferences:
As you can see, when “Show Accurate” is ticked, the next month, the Depreciation will be -4 to catch up with whatever was posted the month before, to ensure that by the end of the useful life, my $60 is fully depreciated.
When “Show Accurate” is not ticked, the system doesn’t display the -4 as the Calculated Amount in period 10-2021.