I am running Version 6.3 12-03-13.
I am depreciating an asset of value £300.00 over 3 years on a Straight Line basis with a "Start. Date 1" of 1st May 2014.
If I enter a Purchase date of 1st May 2011 the Depreciation Report run for the period 010913:310814 reports that the depreciation for the period is £300.
Running the Depreciation Maintenance routine also posts £300 depreciation for the same period.
A Purchase Date of 1st May 2012 has the depreciation report running correctly as does the depreciation routine.
I understood that only the "Start. Date 1" field affected the depreciation and not the "Purchase Date" field.
Can you tell me what the Hansa Asset module logic is please and why the Purchase Date is affecting the depreciation schedule?
Thanks
This answer was correctCreated by14:37 20 Oct 2014
Hello,
Thank you for your question.
I have not observed a similar issue here in Enterprise version 7.2 based on the elements you provided. Have you tried this in a later version?
It might be worth checking your Depreciation Model's yearly percentage tab in case it has some settings which might influence your depreciation.
Finally, here are more information regarding the meaning of "Purchase date" compared to "Start date":
- Purchase date is the date the asset was purchased. In the case of an Asset created from a Purchase Invoice, this will be taken from the Purchase Invoice Date. This date should agree with the Transaction Date used in the NominalLeger Transaction representing the purchase of this asset.
- The Start Date is the date when you will start using Hansa to record the depreciation of the Asset. Depreciation incurred prior to this date should be recorded in the Init. Depr 1 field. If the Depreciation Model uses the Straight Line depreciation method, the depreciation calculation will be based on the original Purchase Value. If it uses the Declining Balance depreciation method, the calculation will be based on the value at the start of the current financial year (i.e. the Purchase Value less the Initial Depreciation).
You can read more about our Asset module in our Online Manuals: http://www.hansamanuals.com/main/english/none/theconf___283/manuals/version___73/hwconvindex.htm
You can as well find more information about Depreciation models in our Online Manuals: http://www.hansamanuals.com/main/mailnumber___1184/theconf___284/manuals/version___71/english/hwconvindex.htm?shortcode=HW0401SETTINGS_Depreciation_Models
Regards,
HansaWorld Support
