Periodic settlement of over and under depreciation

This article explains how to calculate and record depreciation expense for deductible expense in Japan with Microsoft Dynamics 365 Finance.

The following procedures use the JPMF demo company data.

Fixed asset depreciation

To calculate and record fixed asset depreciation, follow these steps.

1. In Dynamics 365 Finance, go to Fixed assets > Fixed assets > Fixed assets journal.
2. Select New.
3. In the Name field, enter a value.
4. Select Lines.
5. Select Proposals.
6. Select Depreciation proposal.
7. In the To date field, enter a date.
8. Select Filter.
9. In the Criteria field, enter a value. For example, enter "BUILM-000005".
10. Select OK.
11. Select OK.
12. Verify that the depreciation journal is created.
13. Select Post.

Over and under depreciation settlements

To calculate and record over and under depreciation settlements, follow these steps.

1. In Dynamics 365 Finance, go to Fixed assets > Periodic tasks > Settlement of over depreciation or under depreciation amount.
2. Select New.
3. In the To date field, enter a date.
4. In the Journal name field, enter a value.
5. Expand the Records to include section.
6. Select Filter.
7. In the Criteria field, enter a value. For example, enter "BUILM-000005".
8. Select OK.
9. Select OK.
10. Refresh the page to see if the result is created. The results may not appear instantly.
11. In the list, find and select the new result with Status = Draft.
12. Select View settlement results.
13. Verify that the correct result is created.
14. Select Post.