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Define Depreciation Logs (Monthly Depreciation Periods)

Depreciation logs document the monthly periods for which you calculate depreciation costs. Typically, you want to create a record for each month in the calendar year, so that you can calculate depreciation expenses for each month. Depreciation logs are stored in the Depreciation Logs table.

You can define deprecation logs from Smart Client, or Web Central.

• From Web Central, the Define Depreciation Logs task presents a Web form to enter and update data;
• From the Smart Client, the task is shown in a grid view. Grid views are the most efficient method when doing bulk updates.

To define depreciation logs, follow these steps. This procedure is applicable to both Web Central and Smart Client.

1. Load the Define Depreciation Logs task.
2. Do one of the following:
   • From Web Central, from the top of the Depreciation Logs list, click Add New.

     The Depreciation Log pane shows the fields for entering the new record.

   • From the Smart Client, click in the first row of the grid to enter the new record.

3. Enter the following information:
   

Field	Description
Log Name	Enter a unique identifier for each reporting period. This is the key value of the table.
Closing Month	Select the last calendar date of each reporting period.
Log Active?	Select Yes or No to determine whether the depreciation calculations report on this log when making calculations. If this field is set to No, the calculations do not calculate depreciation for this period. Set this option to No when you want to restrict the periods for which the application's actions calculate depreciation.

4. To save the data, do one of the following:

   • From Web Central, click Save.

   • From the Smart Client, click outside the row to save the data.