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Summarized Deprecation Journal

Updated: Jul 19

D365 F&SC Tip of the Day: In Microsoft D365 Finance and Supply Chain (D365 F&SC), if you use Fixed Assets to calculate depreciation quarterly or weekly, you might notice that the Depreciation Journal shows multiple lines for each asset. This can make the journal difficult to read and manage. To simplify the journal, you can use the Summarize Depreciation Option on the Depreciation Proposal. This option will combine the depreciation amounts for each asset into one line per journal.

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To generate the monthly Deprecation Journal, go to Fixed Assets > Journal Entries > Fixed Asset Journal.

Note: You can also create the Depreciation Proposal by going to Fixed Assets > Journal Entries > Create Deprecation Proposal.

Click New > select Journal Name > put the date or a note in the Description field > click Lines

Click Proposals > Depreciation Proposal

Enter the period ending date in the To date field > place a checkmark in the Summarize depreciation field (if depreciating by week or by quarter, this will summarize the depreciation into 1 line instead of 3 or 4 lines) > click OK.

The system will load and calculate the depreciation, typically, no changes are need, but review the journal to be sure that the totals are as expected > click Post.

Note: The Offest account is coming from the Fixed asset profiles.

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