Reply To: Correcting Incorrectly setup Fixed Asset 13 Periods

  • Jo deRuiter

    Member
    February 13, 2024 at 11:06 am
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    Hi David!

    Perfect!

    The Averaging Convention is indeed what determines WHEN the asset starts depreciating.

    And Full Month would depreciate a full month no matter when in the month the asset is acquired. Full Period will look at the Fiscal Calendar setup to see if you have custom periods (i.e. not traditional calendar months) and depreciate based on the number of days in that period.

    I would use Full Month if they do have any custom Fiscal Periods.

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