How to: Set Up Compressed Depreciation of Fixed Assets
You can compress fixed asset depreciation into subclasses and choose to display only the total sum by subclass. You can choose to post only the depreciation totals of assets that are grouped by category. This is particularly important for companies that have multiple fixed assets divided into many individual items.
When you calculate depreciation, one line is generated for each fixed asset. For example, posting depreciations for 100 assets generates 100 lines that are posted to both the general ledger and fixed asset ledger entries.
To set up compressed depreciation of fixed assets
In the Search box, enter Depreciation Books, and then choose the related link.
In the Depreciation Book List window, select the relevant depreciation book, and then, on the Home tab, choose Edit.
To post only the depreciation totals of assets that are grouped by category, in the Depreciation Book Card window, on the General FastTab, select the Compress Depreciation check box.
Note
Multiple depreciation lines are then compressed in the general ledger and are displayed in a single entry that is divided by fixed asset categories.
Choose the OK button.
See Also
Tasks
How to: Set Up Alternate Depreciation Methods
How to: Create Multiple Fixed Asset Cards
How to: Print Depreciation Book Reports