Summary
Enter the corresponding depreciation properties for your objects and assets to calculate the reduction in value automatically.
Entering Depreciation Properties
To configure depreciations, follow these steps:
- In the menu, click on “Accounting”.
- At the entry points, click on “Object and asset management”.
- Select the relevant object.
- Click right on “Configure now” at “Depreciation of assets”.
Depreciation Configuration Options
You will need to define the following properties:
- Start / end usage date: Determine how long the asset has been in operation.
- Basis for depreciation:
- Original value: Depreciate from the original amount.
- Book value: Use the book value from the last financial year.
- Effective depreciation: The percentage recorded determines how much of the original value (linear) or the last book value (declining balance) is depreciated.
Scheduled Depreciation
Scheduled depreciation reflects the intended usage period. For example, you can write off an asset over five years even if you plan to use it for ten years. This creates hidden reserves due to the difference between the effective book value in accounting and the higher market value.
- Click on “Assume configuration”.
Choosing Depreciation Method
You can now select how to carry out the depreciation:
- If you want KLARA to calculate depreciation automatically, click on the slider.
- Frequency: Choose from monthly, quarterly, or annually.
Depreciation Timeline
- Average value: Depreciation is calculated daily, considering the effective operating life within the financial year.
- Year-end value: Depreciation is calculated based on the book value from the previous financial year.
Viewing Results
After recording, the results are directly visible:
- You can see the booking as the first event.
- The current book value can be found in accounting.
The current book value as of today can be seen in the summary of objects.