Can i have two (2) Depreciation book in one (1) FA?

stan2009

Can i have two (2) Depreciation book in one (1) FA?

The scenario is like this:
One of the Depreciation book is for finance purpose - Straight Line - Debit to G/L Account.
Second Depreciation book is for Taxation purpose - Reducing Balance - would not touch the G/L just need have a report.


Can this be done as this is one of the Government requirement for Taxation report for FA.


Thank you,

Stan

gsiracusa

jes you can

Alex_Chow

If you notice on the lines area of the Fixed Asset card, you can setup multiple depreciation books per one FA.

ssingla

Use Integration tab on the depreciation book card to allow/restrict posting of entries to G/L