Hello,
Can anyone guide me to configure the WDV depreciation method in Sage X3 V12?
Hi RG,
You've posted your question on the Sage Fixed Assets community. I know this may be a bit confusing because there are something like a dozen different communities on Sage City. I recommend that you re-post your question on the Sage X3 community.
Please try this link: www.sagecity.com/.../f
Moving this post to the Sage X3 Support Group.
Thanks,
Derek
Thanks Bob, It's really bit confusing.
Thank you Derek.
Some more explanation of what you are trying to achieve would be useful.
Do you mean declining balance method?
Please take a look at the following article to use as guide for your WDV setup.
Greetings, Kingy, Yes, I am talking about Declining balance method.
Greetings Joel, Thanks for the post. It's a great solution. I checked the same and it's working fine when I see Plan Simulation for Financial Year, though when I see Period wise which shows Month wise simulation, I am getting wrong calculations. Am I missing something?
The declination of the balance is year on year not month by month.
Also beware of teh trap the used to be there, in that X3 always straight lines depreciation after some years.
To get around this set the number of years to 99. The stright line will kick in long after the asset will have been sold or scrapped
The system is letting me see the month by month balances, there I am getting confused. Anyway, I will keep the points in mind.
Thnak you Kingy. Appreciate your help.
*Community Hub is the new name for Sage City