Depreciation Integration with PrismERP Accounts Module

1) Depreciation Voucher for Assets

Navigation Asset New Depreciation Voucher

The system allows creating a depreciation voucher to track asset depreciation over time.

Required Fields:

1. Frequency of Depreciation: Defines how often depreciation is calculated (Monthly, Quarterly, Half-Yearly, or Yearly).
2. Upto: Specifies the last date till which depreciation is calculated.
3. Entry Date: Date when the voucher is entered.
4. Asset Information:
   • Code: Unique code of the asset item.
   • Asset: Name of the asset being depreciated.
   • Opening Balance: Automatically retrieved based on the assigned asset.
   • Total: Displays the total value of the asset.
   • Depreciation Amount: Auto-calculated based on the depreciation percentage set while creating the asset category.
   • Closing Balance: Shows the remaining asset value after depreciation.

Key Notes:

• The depreciation voucher helps companies maintain accurate depreciation records for individual assets.
• It ensures systematic tracking and reporting of asset depreciation over time.