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 per Plant Item that is included in the batch based on filtering criteria, whicth a Disbursement transaction.

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:

• Period is the month and year that WIP accruals 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 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 jobs to accrue WIP for:

• Profit Centre limits jobs to those that match the Profit Centre listed.

• Profit Centre Group limits jobs to those that match the Profit Centre Group listed.

• From Job and To Job are the alphanumeric start and end points to limit jobs to within that range.

• WIP Code limits jobs to those that match the WIP Code listed.

• WIP Type limits jobs to those that match the WIP Type (located in the WIP Codes) listed.

• Do not update should be ticked if you do not want to update WIP accruals where WIP Adjustments have been made. This is used when accruals have already been generated but new data is available, prompting the need to regenerate the accruals, but you do not want adjusted WIP accruals to update.

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.