Hi Odooers
I have the following Asset Model:
* Assets created with this model need to be depreciated entirely in the month in which they were purchased
Name: Furniture and Fittings < R7,000
Method: Straight Line
Duration: 1 Month
Computation: No Prorata
I have created an asset from a bill with a bill date and an accounting date of 24/4/2025. I have applied this model to the draft asset and computed the depreciation.
The Depreciation Board shows a drafty entry for the full amount (correct) on 31/3/2025 (incorrect). The entry date should be 30/4/2025?
Any ideas?
I have encountered this error when the asset date is assigned not based on the invoice date, but the date of the most recent accounting period. If the invoice is dated 24/4/2025 but the system defaults to calculating depreciation at the beginning of the next period (31/3/2025 since the first period is open), the date will be pushed back. How I solved it: Go back to the asset, manually change the depreciation start date to 30/4/2025. Check if Compute asset automatically from vendor bills is ticked in the settings – sometimes it causes conflicts.