Overview
Tab Path: Fixed Assets > Fixed Asset List / Depreciation
QBM separates asset setup from the depreciation process. This helps users keep the asset register accurate and run depreciation at the correct time.
The depreciation date collector is the operational step used when the business is ready to calculate or post depreciation for a selected point in time.
Main Screens
| Screen | Tab Path | Use It For |
|---|---|---|
| Fixed Asset List | Fixed Assets > Fixed Asset List | Review and reopen existing assets. |
| Fixed Asset Details | Fixed Assets > Fixed Asset Details | Create or update the asset master record. |
| Depreciation Date Collector | Fixed Assets > Depreciation | Choose the date or period for the depreciation run. |
How It Works
- Asset details should be completed accurately before depreciation is run.
- The depreciation process should follow the company's accounting timetable and approval policy.
- Users should review the related fixed-asset reports after depreciation activity when confirmation is needed.
Recommended Workflow
- Maintain the asset register in Fixed Asset Details and confirm each active asset is complete.
- Open the depreciation date screen and select the correct depreciation timing.
- Run the depreciation process according to your accounting procedure.
- Review the outcome in the asset register and related reports.
Best Practice
- Do not run depreciation with incomplete asset records.
- Coordinate depreciation timing with accounting close procedures.
- Keep supporting asset documents and approval notes available outside the transaction itself when required.