Asset Tax Book Setup شرح

Asset Tax Book Setup

 By : Mohsen Adel /  Dec  2012

=============================================================

============   Asset Tax Book Setup == ===========================

=============================================================

Define Tax Book, and assign it to its Corporate Book:

Enter Deferred Depreciation Reserve & Deferred Depreciation Expense Accounts:

Assigning the two books to Asset Category with two different RATES

To copy Assets from Corporate Book to Tax Book use the following  Requests:

1-      Initial Mass Copy: Use it first time to populate the Tax Book by all Assets

2-      Periodic Mass Copy: Use it each period to populate the Tax Book by period new additions

After running the Depreciation Request for each Book:

Tax Book Depreciation               = 833.33

Corporate Book Depreciation = 166.67

-------------------------------------------

Deferred Depreciation Amount = (833.33 - 166.67) = 666.66

Run the following request to calculate the Deferred Depreciating:

After Create Accounting, Review the Deferred Depreciation Journal:

 

 Mohsen Adel /  Dec  2012