Asset Intelligence and Management

Asset Intelligence and Management

EZOfficeInventory FAQS How Do I Run Straight Line Depreciation For 12 Months In Ezofficeinventory

How do I run straight line depreciation for 12 months in EZOfficeInventory?

At present EZOfficeInventory calculates straight line depreciation at the end of month. For instance you have set June as the year ending month. So, when you run the depreciation report on June 16, 2021 then in that case the fiscal year start date would be 1 July, 2020. 

In the report, the depreciation will be shown from the start of fiscal year to the date at which the report is run. So, from 1 July, 2020 to 16 June, 2021 the total number of months is 11 and the report shows that. If you run the report on June 30, 2021 then you will get the results for 12 months.

You can change the year end month by going to SettingsAdd OnsAsset Depreciation

Read more: Asset Depreciation Software: EZOfficeInventory