Creating a Fixed Asset or Prepaid Expense Item - Pre-Existing

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PFAITM-04

Fixed Asset Item Creation
or
Prepaid Expense Item Creation

1127

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This screen will appear only if the “Pre-Existing” flag is checked on the initial item creation screen.

This screen is used when setting up a fixed asset or prepaid expense record for an item for which depreciation or amortization expense has already been recorded on your credit union books. Use these fields to record expense amounts already recorded in your G/L. When done, use Enter to proceed to the subsidiary item detail screen.

Field Descriptions

Field Name

Description

Depr. To Date

(For Fixed Asset items only.) Enter the total amount that has been taken in depreciation on this item to date.

Amort To Date

(For Prepaid Expense items only.) Enter the total amount which has already been recorded as an amortized expense for this item.

Last Depr. Date

(For Fixed Asset items only.) Enter the month and year when depreciation was last taken on this item.

Last Amort Date

(For Prepaid Expense items only.) Enter the month and year when the amortization expense was last taken on this item.

Months Remaining

Enter the total number of months over which this item will be depreciated (fixed assets) or amortized (prepaid expenses), starting now.

Monthly Expense

Enter the amount to be used as the monthly expense. Generally this should be the same figure that was used previously when taking expense for this item.

 

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#PFAITM-04.htm