Cheow Zi Ying

To add on to Ei Li’s ticket, accounts team is currently handling fixed asset depreciation manually, with the Accounts team calculating and posting the monthly depreciation journals.

1. Depreciation Automation

Can the FA module automatically calculate and post monthly depreciation entries?

Is it able to post depreciation expenses directly to the appropriate department code without requiring manual adjustments each month?

2.Existing Fixed Assets

Our existing assets do not currently have department codes assigned in the system.

If department codes are assigned when these assets are migrated into the FA module, will future depreciation be allocated according to those department codes?

Will this setup impact any historical depreciation records?

3.Shared Assets Allocation

For assets that are shared across multiple departments, such as the factory building, does the FA module support allocation of depreciation based on predefined percentages?

For example, can we maintain allocation ratios within the asset setup and have the system automatically distribute depreciation expenses across departments during each depreciation run?