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Depreciation (Quarterly) Calendar vs GL Calendar (1 viewing) (1) Guest
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TOPIC: Depreciation (Quarterly) Calendar vs GL Calendar
#1929
liben (User)
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Depreciation (Quarterly) Calendar vs GL Calendar 15 Years, 1 Month ago  
What are the steps to match Depreciation Calendar with GL Calendar if the client's need is quarterly depreciation Calendar?
 
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handsonerp (Admin)
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Re:Depreciation (Quarterly) Calendar vs GL Calendar 15 Years, 1 Month ago  
The client must generate depreciation entries for each period in which it produces financial reports. Financial reports are produced in each GL period. Depreciation is generated in each asset period. Hence, the number of GL periods must be the same as the number of periods in your corporate books calendar, otherwise something is wrong with the business practice.
Client can use any depreciation calendar in the tax books. There is no problem there.
 
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