How To
No Depreciation Calculated
CCH Fixed Asset Register
No Depreciation Calculated
When analysing an asset it in the Fixed Asset Register, no depreciation is calculated if
- the entry is dated on the last day of the year (which is the default date), and
- the option to Calculate a Full Period's Depreciation in the Period of Acquisition? is unticked
When depreciation is calculated in the Fixed Asset Register, and Post Depreciation is selected, if a Success - 0 journals posted message is received, there may be unbalanced draft journals in Accounts Production. The depreciation journals are generated as draft journals but are not posted as the draft journals do not sum to zero. To resolve this, go into Journals and delete all the unposted journals. Then try Post Depreciation again.
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Changing Entity Type
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Asset Movement
The document outlines the functionality of the Asset Movement screen, detailing how asset transactions are recorded in the Fixed Asset Register, independent of CCH Accounts Production. It describes five types of movements: Cost B/Fwd, Addition, Adjustment, Revaluation, and Disposal, each with specific criteria and purposes. The document also covers the protocol for asset movement dates, especially concerning finalized periods, and discusses the Change of Method movement for altering depreciation methods. Additionally, it includes guidelines on how movements affect nominal accounts and the conditions under which movement deletion is permissible.
Asset Classes
The Asset class section is used to define the ledger accounts which must be used for the posting of the asset transactions and the method of depreciation.
Master Asset Classes: Fixed Asset Register
The document outlines the functionality of Master Asset Classes within the Fixed Asset Register's Set Up screen in CCH Accounts Production. These classes provide default settings for client-level Asset Classes and are integral to the CCH chart of accounts versioning system. While Master Asset Classes cannot typically be edited, users can modify them when creating a new Practice Master Pack. Access to Master Asset Classes is through the Set Up screen or the menu path: File > Maintenance > Accounts > Master Asset Classes.