24 lines
1.3 KiB
Markdown
24 lines
1.3 KiB
Markdown
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#Creating Depreciation For Item
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**Question:** A Fixed Asset Item has been purchased and stored in a warehouse. How can the user create a depreciation for a Fixed Asset Item?<
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**Answer:**Though there is no direct, automated method to book Asset Depreciation. A suitable work around to achieve this is by creating a Stock Reconciliation Entry.
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####Step 1: In the Attachment file, fill in the appropriate columns;
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- _Item Code_ whose value is to be depreciated.
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- _Warehouse_ in which it is stored
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- _Qty_ Leave this column blank
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- _Valuation rate_ Enter the Value after Depreciation
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<img src="{{docs_base_path}}/assets/img/articles/kb_deprec_csv.png"><br>
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####Step 2:
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In the Stock Reconciliation Form, enter the Expense account for depreciation in <i>Difference Account</i>.</p>
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<img src="{{docs_base_path}}/assets/img/articles/kb_deprec_form.png" height="302" width="652">
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<div class="well">Note: For more information on Stock Reconciliation, see the <a href="https://erpnext.com/user-guide/setting-up/stock-reconciliation-for-non-serialized-item" target="_blank">User Guide</a>.</div>
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<div class="well"> Note: An Automated Asset Depreciation feature in on our To-Do List. See this <a href="https://github.com/frappe/erpnext/issues/191" target="_blank">Github Issue</a>.</div>
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