Set up and create depreciation profiles

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

Depreciation profiles determine the type and the frequency of depreciation for an asset. This recording uses the USMF demo company and the accountant role.

Create a depreciation profile

  1. Go to Fixed assets > Setup > Depreciation profiles.
  2. Click New.
  3. In the Depreciation profile field, type a value.
  4. In the Name field, type a value.
  5. In the Method field, select an option.
    • If selecting reducing balance, you will need to enter a percentage in the Percentage field.
  6. In the Depreciation year field, select an option.
  7. In the Period frequency field, select an option.
  8. Close the form.