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Fix Assets

FIXED ASSETS:

AbiPro have two kind of depreciation system:

Steps to run Fixed Assets system are:

Run CREATE NEW SET OF FIXED ASSETS DATA for the first time you install AbiPro.

Input fixed assets data in EDIT. For straight line method, enter the age field. For declining method, enter the percentage field. If age and percentage appear, only straight-line method used.
Every month, run the JOURNAL PROCESS to create depreciation expenses journal in General Ledger for straight line method. For declining method, run this process only once a year. Value for depreciation calculated as follow:
- The program recalculated the accumulation depreciation up to the date of process.
- If the subtraction of the calculation above with the last value in the data got positive value, this value will be the depreciation expenses.
Sometimes, the data may corrupt due to electricity failure, viruses or hardware damage or the wrong depreciation value, to overcome this problem please run DATA REPAIR. If the calculation of depreciation error, run DEPRECIATION REPROCESS.