Maintaining Depreciation Periods

For fixed assets you need to ensure that the required depreciation periods are available. When the software is installed, a range of depreciation periods are automatically populated and available to your establishment/organisation however, there may be occasions where additional depreciation periods are required.

This topic explains how to create and maintain depreciation periods stored within a keylist in IRIS Financials.

Creating Depreciation Periods

  1. Select Maintenance, then select Keylists from the menu.

  2. The Keylist Maintenance window is displayed. Select DEPNPERIOD - Depreciation Periods from the left-hand panel, select ADD NEW, then select KEY. A <New item> is displayed in the key panel.

  3. Enter a code for the period in Key, typically the years and month number of the depreciation period e.g. 2050/51.01. Then enter a title for the period in Title, e.g. September 2050, then select SAVE.

  4. An Update complete message is displayed. Select OK to close the message and return to the previous window.

Maintaining Depreciation Periods

  1. On the Keylist Maintenance window, select DEPNPERIOD - Depreciation Periods from the left-hand panel, select the required depreciation period from the key panel e.g. 2050/51.01 - September 2050, then select EDIT.

  2. You are unable to edit any field that remains grayed out. Make the required changes, for example, add an attachment, then select SAVE.

  3. An Update complete message is displayed. Select OK to close the message and return to the previous window.