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FAQ: I am processing depreciation for the first time. Which should I do first, Process Depreciation or Process Catch-Up Depreciation?
I am processing depreciation for the first time. Which should I do first, Process Depreciation or Process Catch-Up Depreciation?
The Process Catch-Up Depreciation option calculates depreciation from the time the asset was purchased up to, but not including, the current fiscal year (as based on the Processing Month for the batch). The Process Depreciation option calculates the current year depreciation for the assets. Typically, the Process Catch-Up Depreciation option is completed first; however, the options can be completed in any order.