Set Up Compressed Depreciation of Fixed Assets
You can compress fixed asset depreciation into subclasses and choose to display only the total sum by subclass. You can choose to post only the depreciation totals of assets that are grouped by category. This is particularly important for companies that have multiple fixed assets divided into many individual items.
When you calculate depreciation, one line is generated for each fixed asset. For example, posting depreciations for 100 assets generates 100 lines that are posted to both the general ledger and fixed asset ledger entries.
To set up compressed depreciation of fixed assets
Choose the icon, enter Depreciation Books, and then choose the related link.
On the Depreciation Book List page, select the relevant depreciation book, and then choose the Edit action.
To post only the depreciation totals of assets that are grouped by category, on the Depreciation Book Card page, on the General FastTab, select the Compress Depreciation check box.
Multiple depreciation lines are then compressed in the general ledger and are displayed in a single entry that is divided by fixed asset categories.
Choose the OK button.
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