Rounding errors have traditionally been an issue found when using depreciation software. The problem comes from the basic division of asset cost over a number of periods. For example, take a fixed asset with a cost of $1.00 spread over 3 months. This would result in $.33 per period, but when multiplied by 3 periods [...]
Depreciation Transfer Reports will be the type of report described in our fifth post on depreciation reporting. This report shows all of the transfer activity for a selected period or periods. It displays both sides (transferred out and transferred in) of the asset movement. The image at the bottom of the page shows a snap-shot [...]
Continuing from our asset acquisition reporting post, this post will address asset disposition reporting. This report displays all assets disposed between the selected period begin and end dates. Below, you will find the columns that should be included in such a report. Also, take a look at the sample report we have included to see [...]
Asset Acquisition Reporting will be the topic of our fourth depreciation reporting post.
This report displays all of the assets acquired between the selected period begin and end dates. The selected periods can be:
A single month
3 months or a quarter
6 months or half the year
12 months or the entire year
Any number of months to show year-to-date
When [...]