Month End Run
You can use the Month End Run function if your company calculates and posts depreciation at the end of each month. Depreciation is calculated automatically for that month for each fixed asset, and you can choose to post these amounts to the selected GL codes.
1.
These are Totals for the amounts
above
2.
Process: [see below]
When using the Month
End Run function, you need to
select the Process button to post
depreciation double entries to the GL.
You need to run this process for every month you want to charge
depreciation to [see window below].
a.
Last Run: This is the date of the last Month End
Run transaction. E.g. 28/02/2015 means that
depreciation was last charged for February 2015
Step 1:
Set the Current Month to charge depreciation
for that month
Step 2:
Select Post
to GL
Step 3:
Select Yes
in the new window to confirm