1. Equipment Rental
  2. Rental Management
  3. Flows

Depreciation dates
Activity Flow

The Depreciate was last run field is standard. You can enter it manually or it fills in automatically after depreciation runs.

The Depreciate until field on the Fixed asset page relates to the business object. Both fields must match to scrap the fixed asset or convert the rental object to inventory.

Finance specialists use this field to validate the fixed asset. It helps confirm whether the business object is still on rent. You must manually update the last on-rent date. This ensures proper validation before the object is converted or written down.

Finance manager Finance manager Add depreciate until date on the fixed asset Add depreciate until date on the fixed asset You must add the 'depreciate until' date. This date must match the 'date when depreciation was last run' in the books. This field helps a finance specialist validate the fixed asset and related business object. After validation: The journal can be posted The journal is blocked from automatic posting through a sales order if not validated Procedure 1. Go to Fixed assets > Fixed assets > Fixed assets. 2. In the list, mark the selected row. 3. In the list, click the link in the selected row. 4. Click Edit. 5. In the Depreciate until field, enter a date. Note: This date must be the same with the 'depreciation was last run' date in order to scrap/dispose of the asset 6. Click Save. 7. Click the form caption. Start Start Add date when depreciation was last run on the fixed assets books Add date when depreciation was last run on the fixed assets books A finance specialist must manually add the depreciation date and align it with the 'depreciate until' date. If depreciation was already posted for the fixed asset, the system fills in this date automatically. This date then becomes the 'date when depreciation was last run'. Procedure 1. Go to Fixed assets > Fixed assets > Fixed assets. 2. In the list, mark the selected row. 3. In the list, click the link in the selected row. 4. Click Books. 5. Click Edit. 6. In the Date when depreciation was last run field, enter a date. 7. In the list, find and select the desired record. Note: Select the other book. Could be for example fiscal or econ 8. In the Date when depreciation was last run field, enter a date. 9. Click Save. 10. Close the page. End End Depreciation dates must be aligned Depreciation dates must be aligned

Activities

Name Responsible Description

Add depreciate until date

Finance manager

You must add the 'depreciate until' date. This date must match the 'date when depreciation was last run' in the books.

This field helps a finance specialist validate the fixed asset and related business object. After validation:

  • The journal can be posted
  • The journal is blocked from automatic posting through a sales order if not validated

Add date when depreciation was last run

Finance manager

A finance specialist must manually add the depreciation date and align it with the 'depreciate until' date.

If depreciation was already posted for the fixed asset, the system fills in this date automatically. This date then becomes the 'date when depreciation was last run'.

Activities

Name Responsible Description

Add depreciate until date

Finance manager

You must add the 'depreciate until' date. This date must match the 'date when depreciation was last run' in the books.

This field helps a finance specialist validate the fixed asset and related business object. After validation:

  • The journal can be posted
  • The journal is blocked from automatic posting through a sales order if not validated

Add date when depreciation was last run

Finance manager

A finance specialist must manually add the depreciation date and align it with the 'depreciate until' date.

If depreciation was already posted for the fixed asset, the system fills in this date automatically. This date then becomes the 'date when depreciation was last run'.

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