How to create a custom depreciation method

Description

  • How to create a customized depreciation method?
  • How to import custom depreciation method?

Resolution

In Sage Fixed Assets-Depreciation:

  1. Go to: Customize, Depreciation Methods.
  2. Enter a unique name for the method, click Add.
    NOTE: Existing Depreciation Methods cannot be re-used. See the Related resources: for a complete list of Depreciation Methods.
  3. Optional: Enter a description.
  4. Select a Disposal Method, enter the percentages for each year of the assets life to Total 100%, click OK.
    The new depreciation method can be added from the Asset Detail view of the assets.
    NOTE: Custom Depreciation Methods can be imported into new assets if the Method has been created in the Sage Fixed Assets-Depreciation company first.