fixed asset accounting

Fixed Asset Depreciation Update

Last Revised: 02/05/14

Fixed Asset Depreciation Update is used to update the cost of the fixed assets in a certain period of time, typically monthly. It also updates the parameters for the current month as well as the year for December. The information is then posted to the associated General Ledger account. Before utilizing this application, the operator should review any mistakes in the Fixed Asset Depreciation Schedule.