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Assets Report
Assets Report
Assets Report
Depreciation Start Date — This shows the date when the asset depreciation started.
Beginning Balance — This shows the balance of all assets before the report date. This column
contains the following information:
o Beginning Cost — This shows the acquisition amount of the asset before the report start
date
o Beginning Depreciation — This shows the asset’s accumulated depreciation before the
report start date.
o Beginning Net Book Value — This shows the asset’s net book value before the report
start date.
Note: Net asset value, is the value at which a company reports an asset on its balance
sheet. It is calculated as the original cost of an asset less accumulated depreciation,
accumulated amortization, accumulated depletion or accumulated impairment
Purchase/Acquisitions — This shows the cost of all assets acquired within the report period.
Note: If the asset was transferred to another department, location, or warehouse the acquisition
column will show the asset cost and the transferred amount.
Warehouse Transfer — This shows the current cost of the asset that was transferred to another
department or warehouse.
Sale — This shows the amount of assets disposed through sale during the report period.
Disposals — This shows the amount of assets written off during the report period.
Depreciation — This shows the amount of accumulated depreciation within the report period.
Revaluation — This shows the amount of adjustment done to the asset because of the
revaluation (yearly).
Lease — This shows the lease adjustment amount. The previous period lease adjustment is
considered in the computation of the cost beginning balance.
Net Book Value — This shows the net book value of the asset at the end of the report period.
This report lists cost or valuation, depreciation, and net book value totals for the selected asset
types and the specified period. In the asset summary report, the report is divided into the
following three sections:
o Beginning Balance — This shows the balance of the asset types at the start of the report
period.
o Additions — This shows the cost of all new assets acquired during the report period.
o Sale — This shows the amount of assets disposed through sale during the reporting
period.
o Disposal — This shows the amount of assets written off during the reporting period.
o Ending Balance — This shows the balance of the asset types at the end of the report
period.
o Beginning Balance — This shows the balance of depreciation of the asset types at the
start of the report period.
o Sale — This shows the amount of assets disposed through sale during the reporting
period.
o Disposal — This shows the amount of assets written off during the reporting period.
o Ending Balance — This shows the total depreciation of the asset types at the end of the
report period.
o Beginning Balance — This shows the net book value of the asset at the start of the
report period.
o Ending Balance — This shows the net book value of the asset at the end of the report
period. This can be computed as Asset Cost (ending balance) – Depreciation Ending
Balance = NBV Ending Balance.
1. Depreciation Schedule Report (Net Book Value and Period Depreciation): The depreciation
schedule net book value report shows the current value of the asset for the specified period.
The depreciation schedule period depreciation report shows the total depreciation of each asset
for the specified period. The following information is available in the depreciation schedule
report
Note: To view forecast amounts for depreciation, you can generate an asset depreciation
schedule report for future periods.
Asset Type — This shows the class or the asset type of the asset.
Periods — This shows the depreciation period of the asset. Maximum period is 12 months. For
report periods that exceeds 12 months, the succeeding months are presented in the following
pages.
2. Depreciation Monthly Report: The depreciation monthly report shows the depreciation
expense for the period by asset, the asset records, and journal entries.
3. Asset Listing Report: The Asset Listing report shows the total acquisition or production costs,
additions, disposals, transfers, and write-ups for the fiscal year. It is an annual report, and by
default, is set to the current year. Customers, however, may also run the report monthly or
quarterly.
The following information is available in the Asset Listing report:
o Asset Type – Shows the class or type where the asset belongs to
o Opening Balance – Cost – Show the beginning balance at the start of the report period
o Net Book Value – Shows the NBV of the current financial year
4. Corporate tax Reports: These reports are supplemental documents used to calculate
corporate tax and are available. Assets with an asset life of 1y or more than 20 are excluded
from these reports. The following reports are available:
o CT (1) - This report includes assets, leased assets, disposed and fully depreciated assets
that use Straight-Line depreciation method. This report does not include leased assets
that use the straight line depreciation method, and assets where the Depreciation
Active is false.
o CT (2) - This report includes assets, leased assets, disposed and fully depreciated assets
that use the 200% Declining Balance and 250% Declining Balance depreciation methods.
This report does not include leased assets that use the old declining balance method,
and assets where the Depreciation Active is false.
o CT (3) — This report includes all leased assets, disposed and fully depreciated assets
that use the standard Straight Line depreciation method. This report does not include
leased assets that uses the Straight Line and Declining Balance depreciation methods,
and assets where the Depreciation Active is false.
Depreciation Monthly Report — Shows the depreciation expense for the period
by asset, the asset records, and journal entries.
o Asset Listing Reports (Departmental & Warehouse wise) — Shows the total acquisition
or production costs, additions, disposals, transfers, and write-ups for the fiscal year.
Note: Show Custom Components in Reports — Check this box if you want to view only
the components on the report. Otherwise, clear this box to view only the parent
compound asset on the report. This option is available only when you are generating an
Asset Register Report or Asset Listing Report.
Start Date — Enter or select a start date for the report period you want to
generate.
End Date — Enter or select an end date for the report period you want to
generate.
Assets to Include — Select which of the following assets to include in the
report: All Assets, All Assets except Leased, or Leased Only, digital, physical,
according to assets condition, warehouses, departments.
Note: If you selected Depreciation Monthly report, this field will be set to All
Assets.
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