Fixed Asset Record Info

Information entered with fixed asset definition in order to be used for tracking purposes and purchase date, cost and depreciation start information are recorded using Fixed Asset Records option located in the F9/right mouse button menu of the Fixed Asset Definitions List.
When the application is used for the first time, record information of existing fixed assets is recorded using Fixed Asset cards option located in the F9 menu of the fixed asset cards list. Afterwards, new record information resulting from purchase or sales transactions is entered using "Link to Fixed Asset Record" option located in the F9/right mouse button menu of the related transaction slip.
 
When the fixed asset record is selected, the Fixed Asset Records List containing the record of the selected fixed asset opens.

Fixed asset record information is entered using "New" option. The fields and functions of the window are:
Record Code: The record code of the fixed asset. Depreciation calculations are performed according to fixed asset record information.
 
Purchase Date: Indicates the purchase date of the fixed asset. Depreciations will be allocated depending on this date and the selected depreciation type.
Active Date: Indicates the date on which the fixed asset was operational.
 
Quantity: The quantity of purchased or present fixed assets.
Cost: The cost of the fixed asset.
VAT Amount: The VAT amount calculated using the purchase amount and the VAT rate specified on the fixed asset definition.
VAT Duration (Year): Indicates in how many years the VAT amount will be decreased.
Division: Division is a physical location that is connected to the headquarters of a company or organization, and manages its own commercial transactions independently. This field is used to associate the fixed asset record with one of the defined divisions of the company.
Department: Activities or activity groups within an organization, which are independent from each other in terms of organization and accounting. This field is used to associate the stock transaction with one of the defined departments of the company.
Project Code: It refers to the code of the project to which the relevant record is related. The existing project cards are listed and the relevant definition is selected. When depreciation is calculated for the relevant fixed asset record and posted to the General Ledger, this project code is transferred to the G/L codes as default. (Projects are defined in General Ledger / Main Records menu.)
Depreciation Start: The depreciation start date.
Depreciation Type: The depreciation method specified on the Fixed Asset card and to be applied to purchase transactions is transferred as default. If a different type of depreciation than that specified on the card will be calculated, the types are listed and the related type is selected.
Depreciation Rate (%): The depreciation rate specified on the fixed asset card is transferred as default.
Depreciation Duration (Year): The depreciation duration calculated over the cost of the material using the selected depreciation type and rate is automatically transferred into this field.
Revaluation: This field is used to specify whether or not the revaluation will be performed. The selection made on the fixed asset card is transferred as default.
Revaluation Depreciation: Indicates whether or not depreciation will be applied to revaluation amounts. The selection made on the card is transferred as default.
 
Extended Investment Discount: The investment discount scope of the fixed asset. The parameter contains Yes and No options.
 
Investment Discount Rate (%): Indicates the discount rate to be applied for fixed assets covered by investment discount.
 
Inflation Indices: Indicates that the inflation indices of the fixed asset if the Inflation Accounting feature is used.
Inflation Indices Alternative: Indicates that the inflation indices of the fixed asset for alternative tables if the Inflation Accounting feature is used.
Actual Amount on Inflation Level: The amount to be processed if inflation accounting is used.
Actual Amount on Inflation Level (Alternative): The amount to be processed if inflation accounting is used.
Yearly Cost Will Be Used: This option is checked if yearly costs will be used. Since this selection requires the investment cost in all stages of investment to be transferred to reports and corrected individually, the investment date and amount are recorded using Yearly Cost and ROFM Input option located in the right mouse button menu of the record card.