Overview:

Generating Plant Depreciation is done on a per-period basis and utilises all information entered on each Plant Item to calculate the right cost per Plant. This process generates a Cost as a Disbursement transaction, per Plant Item that is included in by the batch user based on filtering criteria, whicth a Disbursement transactiontheir selection criteria. The different options to select the Plant Items that need depreciation costs gerenated are adding Plants one by one, or using Plant Groups,or by leaving the Plant and Plant Groups filters blank to include all Plant Items.

These rules are applied:

• at the end of the year, the closing book value becomes the opening book value for the next year.

• if purchased during the year, the calculation is based on the number of months left in the year.

Screen Guide:

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• Period is the month and year that WIP accruals Plant Depreciation disbursements are being generated for. This defaults to the current year/period in Period End Maintenance and determines what appears in the Batch list.

• Batch is the batch number that you want to generate accruals Plant Depreciation into. The list is filtered by the Period selected. If there are no batches, create a New Batch using the button at the bottom.

The following fields are used as optional filters to narrow down the range of

Plant Items that require depreciations costs for:

• Plant (blank for all)

• Profit Centre Group 

Buttons:

• New Batch is used to create a new batch to accrue WIP. Batches are period based and will need to be created for each month and each Financial Company.

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  • Choose a Batch Date within the desired Period, and give it a Reference and Financial Company that it relates to. Create Batch once finished, and select the newly created batch number from the Batch list.

• Generate creates WIP Accruals based on the filter options selected, populating the selected Batch with the accruals.

Next Steps:

Once depreciation is generated, you can navigate to Export Control to close the batch and export or to the specific Plant items, and look at the transactions generated on the Depreciation tab of the Plant Item.