What is fixed asset Continuity?
It shows your opening balance at the start of the accounting period, monthly transactions and then the closing monthly numbers. This report can be run for a single period, quarter, multiple periods or an entire calendar year.
What should a fixed asset register include?
Typical information captured on a fixed asset register includes a unique identifier code, asset name, description, purchase and capitalisation dates, purchase cost, department, cost centre, residual value and asset life and depreciation rule.
What’s a continuity schedule?
A continuity schedule report is a valuable instrument to view monthly asset activity. It shows your opening balance at the start of the accounting period, monthly transactions and then the closing monthly numbers. This report can be run for a single period, quarter, multiple periods or an entire calendar year.
How do you reconcile fixed assets in SAP?
In SAP Business One, the ‘Posting of Depreciation’ setting (Indirect or Direct) for the Depreciation Area with type ‘Posting to GL’ determines whether the accumulated depreciation account will be used in the Depreciation Run postings. Accordingly, it will determine the way to reconcile the account balance with the NBV.
Why do you need a fixed asset schedule in Excel?
This is a ready-to-use fixed asset schedule for the creation and listing of your company’s fixed assets. Availably to download instantly and clear to use, this Excel model allows the user to detail all company assets. This is an important model for reconciling the balance sheet, working out taxes, and also for the selling of assets.
Why do you need a continuity schedule report?
A continuity schedule report is a valuable instrument to view monthly asset activity. It shows your opening balance at the start of the accounting period, monthly transactions and then the closing monthly numbers. This report can be run for a single period, quarter, multiple periods or an entire calendar year.
How often can I run an asset continuity report?
This report can be run for a single period, quarter, multiple periods or an entire calendar year. On this report the additions can be both new acquisitions as well as assets that have been transferred in.
What is the Bassets edepreciation continuity schedule report?
Bassets eDepreciation features all three variations of this data in the form of a roll forward, continuity schedule and advanced continuity schedule reports to answer all activity inquiries. Questions?