20 Dec Fixed Assets Depreciation in Dynamics GP
The depreciation functionality in GP Fixed Assets is easy and flexible.
There are several standard depreciation schedules you can use for any asset. You can maintain several depreciation books if you want to for corporate, federal taxes and various states.
If a depreciation attribute for an asset changes, like the cost value or estimated life, the system will allow you to choose whether you want to make the depreciation change back to the in-service date, the beginning of the year, or from a point in time, forward.
You can automatically charge depreciation to various departments or cost centers.
You get detailed records of depreciation by asset, with audit trail information back to the general ledger.
You can also run forecasts of future depreciation. Helpful for budgeting? Yes.
Here’s a video that shows some of this functionality: