Asset Depreciation Process Stages

You'll be redirected to the Process Status page, where you can track the depreciation status. The Process Status page queues the following processes for depreciation. Click Details on any process to view the its stage details. For more information, see Background Processing of Fixed Assets.

Process	Process Stage	Process Stage Description
Asset Depreciation	Generate Depreciation Schedule Values	Creates depreciation history records for assets and tax methods without an existing depreciation schedule. If the asset and tax methods already have a depreciation schedule, the status shows Not Required.
Create Journal Entries	Creates journal entries posting to the fixed asset depreciation and expense accounts entered on the Accounts tab. A journal entry is created per asset type and per period of depreciation.
Prepare Data to Update Records	Gets updated values from journal entries, and identifies which records to update. The status shows Not Required if no journal entry was created in the previous step.
Update Asset Records	Updates values on the asset record. If you enabled Multi-book Accounting, this process also updates tax methods with accounting books.
Update Tax Methods	Updates tax methods. If you enabled Multi-book Accounting, this process also updates tax methods without accounting books.
Update Compound Assets	Updates compound asset records.
Update Related Records	Updates other records related to this asset.

Process

Process Stage

Process Stage Description

Asset Depreciation

Generate Depreciation Schedule Values

Creates depreciation history records for assets and tax methods without an existing depreciation schedule. If the asset and tax methods already have a depreciation schedule, the status shows Not Required.

Create Journal Entries

Creates journal entries posting to the fixed asset depreciation and expense accounts entered on the Accounts tab. A journal entry is created per asset type and per period of depreciation.

Prepare Data to Update Records

Gets updated values from journal entries, and identifies which records to update. The status shows Not Required if no journal entry was created in the previous step.

Update Asset Records

Updates values on the asset record. If you enabled Multi-book Accounting, this process also updates tax methods with accounting books.

Update Tax Methods

Updates tax methods. If you enabled Multi-book Accounting, this process also updates tax methods without accounting books.

Update Compound Assets

Updates compound asset records.

Update Related Records

Updates other records related to this asset.

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