How to add a new Depreciation Policy

Introduction

This topic explains how to add a new Depreciation Policy within the Accounts Production module.

1. Select Setup | Depreciation Policies

The following screen displays.

2. Click New.

The following screen displays.

• The Index Number is automatically generated by IRIS.

3. Select the Method from the drop-down list, for example, Straight line on cost.

4. Enter the Annual rate (%) or complete the Over Years field, for example, 40%.

5. Click into the Description field, this field will automatically be populated.

6. Click OK and Cancel (if no further Depreciation Policies are required).

• If a further Depreciation Policy is required, repeat steps 3 to 6.

The following screen displays listing the new policy.

7. Click Close.

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