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fix : Fixed spelling errors, grammer errors and double checked info
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docs/usage/Asset/faq.md

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@@ -12,13 +12,13 @@ tags: ["SQL Account", "Asset", "FAQ"]
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*Menu: Asset | Process Depreciation...*
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You are allow to process Asset Opening Depreciation BEFORE System Conversation Date.
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You are allowed to process Asset Opening Depreciation BEFORE System Conversion Date.
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![asset-depr](../../../static/img/usage/asset/assetFaq/asset-depr.jpg)
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:::note Tips:
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A - FIRST acquire date of the asset
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B - System Conversation Date -1 day
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B - System Conversion Date -1 day
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:::
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## I have posted the depreciation until December 2021. How to record my new asset?
@@ -48,23 +48,23 @@ Maintain the Asset as below :
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5. Tick *Cancelled* to the Journal posted from Step 4
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![je-cancellled](../../../static/img/usage/asset/assetFaq/je-cancellled.jpg)
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## Somehow the depreciation value is different with my previous Journal, can I edit the depreciation value calculated in Maintain Asset Item?
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## Somehow the depreciation value is different from my previous Journal, can I edit the depreciation value calculated in Maintain Asset Item?
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Yes, it is allowed to change the depreciation value in Maintain Asset Item (Depreciation Schedule).
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![asset-amount](../../../static/img/usage/asset/assetFaq/asset-amount.jpg)
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![depr-value](../../../static/img/usage/asset/assetFaq/depr-value.jpg)
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## Can the amortization of Intangible Assets like license use in Asset Module?
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## Can the amortization of Intangible Assets like license be used in Asset Module?
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Can. Just maintain as usual like __Tangible Asset__ (Fixed Asset).
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Yes, it can. Just maintain as usual like __Tangible Asset__ (Fixed Asset).
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For __Intangible Asset__ (eg. goodwill, license), the __amortization calculation__ is using __straight line method__ can choose in the Asset Group. It is calculated by taking the difference between the cost of the asset and its anticipated salvage or book value and dividing that figure by the total number of years it will be used.
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For __Intangible Asset__ (eg. goodwill, license), the __amortization calculation__ is using __straight line method__ can choosen in the Asset Group. It is calculated by taking the difference between the cost of the asset and its anticipated salvage or book value and dividing that figure by the total number of years it will be used.
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## Can I import the asset list using Excel instead of key-in?
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Yes, can. Asset import function available in SQL Account version 5.2022.948.826
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Yes, you can. Asset import function available in SQL Account version 5.2022.948.826
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Refer to [Import-Asset Master List](../../usage/asset/guide#importing-asset-master-list)
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@@ -78,7 +78,7 @@ Create new asset code to handle additional cost, eg.
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| MV-0001A | TOYOTA VIOS - BZZ 999 | Additional Cost |
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:::info
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Don't mixed up the depreciation value between original and additional.
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Don't mix up the depreciation value between original and additional.
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:::
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### Quick Steps
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![paste-asset](../../../static/img/usage/asset/assetFaq/paste-asset.jpg)
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4. *Change the asset code* by inserted any characters to differentiate it
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4. *Change the asset code* by inserting any characters to differentiate it
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- Acquire date = Date incurred additional cost
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- Cost = Additional Cost
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![depr-rate](../../../static/img/usage/asset/assetFaq/depr-rate.jpg)
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![depr-rate](../../../static/img/usage/asset/assetFaq/depr-rate.jpg)
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## Cost in Maintain Asset Item should key-in as local currency or original currency (eg. purchase in USD)?
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docs/usage/Asset/guide.md

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@@ -23,7 +23,7 @@ Group the asset items based on the following considerations.
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1. Type of assets, eg. Motor Vehicle, Furniture, etc;
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2. GL Account mapping.
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![asset-grp](../../../static/img/usage/asset/assetBasicGuide/asset-grp.jpg)
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![asset-grp](../../../static/img/usage/asset/assetBasicGuide/asset-grp.jpg)
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### Asset Group
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2. Click Generate button.
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![depr-schedule](../../../static/img/usage/asset/assetBasicGuide/depr-schedule.jpg)
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![depr-schedule](../../../static/img/usage/asset/assetBasicGuide/depr-schedule.jpg)
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### Project
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Set the depreciation allocation by Project (for Departmental/Cost Center purpose).
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Set the depreciation allocation by Project (for Departmental/Cost Center purpose).
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![depr-schedule-p1](../../../static/img/usage/asset/assetBasicGuide/depr-schedule-p1.jpg)
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![depr-schedule-p1](../../../static/img/usage/asset/assetBasicGuide/depr-schedule-p1.jpg)
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### History
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Add the important remarks in the asset history. For instances:
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1. who has borrow/ when has return this asset?
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2. asset has send for repair or service...
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3. asset has destroyed by flood
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1. who has borrowed/ when has returned this asset?
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2. asset has been sent for repair or service...
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3. asset has been destroyed by flood
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![depr-history](../../../static/img/usage/asset/assetBasicGuide/depr-history.jpg)
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:::note Tips:
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1. Process date range allows to select more than 1 month or 1 year to process the depreciation.
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2. Allow to process BEFORE system conversation date (No update to Maintain Opening Balance).
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2. Allow to process BEFORE system conversion date (No update to Maintain Opening Balance).
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:::
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2. Select the Process Date.
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4. Click Process.
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5. Preview the assets depreciation value and Net Book Value (NBV) before post to Journal Voucher. Click Save to post it.
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![asset-nbv](../../../static/img/usage/asset/assetBasicGuide/asset-nbv.jpg)
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![asset-nbv](../../../static/img/usage/asset/assetBasicGuide/asset-nbv.jpg)
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## Open Depreciation
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### General Tab
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1. Cost, Accum Depreciation,and Net Book Value are retrieve from Maintain Asset Item automatically.
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1. Cost, Accum Depreciation, and Net Book Value are retrieved from Maintain Asset Item automatically.
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2. Key-in the **Disposal** value.
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3. Select **Payment Method** to receive disposal value.
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4. **(Gain)/Loss** workout automatically.
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4. **(Gain)/Loss** worked out automatically.
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5. Gain/Loss Account default follow from Maintain Asset. May change the **(Gain)/Loss Account** if necessary.
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![general-tab-asset](../../../static/img/usage/asset/assetBasicGuide/general-tab-asset.jpg)
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### Reports Selection
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1. This will analyse the asset **Cost, Accumulated Depreciation, Net Book Value (NBV)** and **Disposal Value**.
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1. This will analyze the asset **Cost, Accumulated Depreciation, Net Book Value (NBV)** and **Disposal Value**.
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2. It allows you to choose and generate the following reports format:
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Monthly (12 Months)
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Quarterly (4 quarters)
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Half Yearly (First Half and 2nd Half)
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Yearly (5 Years)
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![asset-analysis-report](../../../static/img/usage/asset/assetBasicGuide/asset-analysis-report.jpg)
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![asset-analysis-report](../../../static/img/usage/asset/assetBasicGuide/asset-analysis-report.jpg)
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### Asset Analysis vs GL Balance Sheet Report
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1. At GL | Print Balance Sheet Statement..., choose the Balance Sheet Format : **This Year - 3 columns**
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2. At Asset | Print Asset Analysis..., choose Report: **Yearly (5 columns)**
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![balance-sheet-vs-asset-analysis](../../../static/img/usage/asset/assetBasicGuide/balance-sheet-vs-asset-analysis.jpg)
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![balance-sheet-vs-asset-analysis](../../../static/img/usage/asset/assetBasicGuide/balance-sheet-vs-asset-analysis.jpg)
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## Print Asset Disposal Listing
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| **Cost** | Currency | Purchase cost |
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| **UsefulLife** | Float | Useful life in years, e.g., 5 years, 3.3 years |
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| **DeprFrequency** | 1 (Integer) | Depreciation frequency options: 1 = Monthly, 2 = Quarterly, 3 = Half Yearly, 4 = Yearly |
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| **Residual** | Float | Resellable value |
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| **Residual** | Float | Re-sellable value |
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- **Example**
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| **Code** | **Description** | **Asset Group** | **Agent** | **Area** | **AcquireDate** | **Cost** | **UsefulLife** | **DeprFrequency** | **Residual** |
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|-----------|------------------------------|-----------------|-----------|----------|-----------------|------------|----------------|-------------------|--------------|
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| FF-001 | Chairs | Furniture | ---- | KL | 13/10/2022 | 12,000.00 | 10 | 1 (Monthly) | 100.00 |
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| FF-002 | Meeting Table | Furniture | ---- | KL | 23/01/20021 | 15,000.00 | 10 | 2 (Quarterly) | 0.01 |
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| FF-002 | Meeting Table | Furniture | ---- | KL | 23/01/2021 | 15,000.00 | 10 | 2 (Quarterly) | 0.01 |
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| MV-001 | TOYOTA VIOS 1.5 / RED | MV | YUKI | SEL | 17/03/2020 | 88,000.00 | 5 | 4 (Yearly) | 30,000.00 |
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3. FA.ITEM.OPF.DeprSche (Maintain Asset item-Depreciation Schedule)
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| **Column** | **Length** | **Note** |
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|----------------|------------|--------------------------------------------------------------------------|
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| **Code** | 20 | Asset Code, e.g., FF-0001 |
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| **ScheDate** | Date | Scheduled depreciation posting date |
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| **Description**| 160 | Depreciation description |
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| **Amount** | Currency | Depreciation amount based on the depreciation frequency |
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| **Column** | **Length** | **Note** |
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|----------------|------------|--------------------------------------------------------------------------|
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| **Code** | 20 | Asset Code, e.g., FF-0001 |
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| **ScheDate** | Date | Scheduled depreciation posting date |
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| **Description**| 160 | Depreciation description |
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| **Amount** | Currency | Depreciation amount based on the depreciation frequency |
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- **Depreciation Frequency**
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- **Depreciation Frequency**
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- **Monthly**
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- **Monthly**
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| **Calculation** | **Formula** | **Result** |
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|------------------------|-----------------------------------|-------------|
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| No. of Rows | Useful life × 12 months | 5 × 12 = 60 |
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| Amount per Row (RM) | (Cost – Residual) ÷ No. of Rows | (88,000 – 30,000) ÷ 60 = 966.67 |
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| **Calculation** | **Formula** | **Result** |
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|------------------------|-----------------------------------|-------------|
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| No. of Rows | Useful life × 12 months | 5 × 12 = 60 |
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| Amount per Row (RM) | (Cost – Residual) ÷ No. of Rows | (88,000 – 30,000) ÷ 60 = 966.67 |
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- **Quarterly**
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- **Quarterly**
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| **Calculation** | **Formula** | **Result** |
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|------------------------|-----------------------------------|-------------|
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| No. of Rows | Useful life × 4 quarters | 5 × 4 = 20 |
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| Amount per Row (RM) | (Cost – Residual) ÷ No. of Rows | (88,000 – 30,000) ÷ 20 = 2,900 |
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| **Calculation** | **Formula** | **Result** |
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|------------------------|-----------------------------------|-------------|
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| No. of Rows | Useful life × 4 quarters | 5 × 4 = 20 |
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| Amount per Row (RM) | (Cost – Residual) ÷ No. of Rows | (88,000 – 30,000) ÷ 20 = 2,900 |
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- **Half-Yeary**
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- **Half-Yearly**
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| **Calculation** | **Formula** | **Result** |
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|------------------------|-----------------------------------|-------------|
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| No. of Rows | Useful life × 2 half-years | 5 × 2 = 10 |
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| Amount per Row (RM) | (Cost – Residual) ÷ No. of Rows | (88,000 – 30,000) ÷ 10 = 5,800 |
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| **Calculation** | **Formula** | **Result** |
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|------------------------|-----------------------------------|-------------|
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| No. of Rows | Useful life × 2 half-years | 5 × 2 = 10 |
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| Amount per Row (RM) | (Cost – Residual) ÷ No. of Rows | (88,000 – 30,000) ÷ 10 = 5,800 |
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- **Yearly**
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- **Yearly**
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| **Calculation** | **Formula** | **Result** |
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|------------------------|-----------------------------------|-------------|
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| No. of Rows | Useful life (years) | 5 |
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| Amount per Row (RM) | (Cost – Residual) ÷ No. of Rows | (88,000 – 30,000) ÷ 5 = 11,600 |
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| **Calculation** | **Formula** | **Result** |
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|------------------------|-----------------------------------|-------------|
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| No. of Rows | Useful life (years) | 5 |
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| Amount per Row (RM) | (Cost – Residual) ÷ No. of Rows | (88,000 – 30,000) ÷ 5 = 11,600 |
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- **Example**
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- **Example**
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![asset-import-fa-item-opf](../../../static/img/usage/asset/assetBasicGuide/asset-import-fa-item-opf.jpg)
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![asset-import-fa-item-opf](../../../static/img/usage/asset/assetBasicGuide/asset-import-fa-item-opf.jpg)
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- **4.FA.ITEM.OPF.Project(Maintain Asset Item-Project)**
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- **4.FA.ITEM.OPF.Project(Maintain Asset Item-Project)**
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| **Column** | **Length** | **Note** |
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|------------|------------|------------------------------------|
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| **Code** | 20 | Asset Code, e.g., FF-0001 |
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| **Project**| 20 | Project Code |
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| **Rate** | Float | Allocation percentage (%) |
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| **Column** | **Length** | **Note** |
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|------------|------------|------------------------------------|
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| **Code** | 20 | Asset Code, e.g., FF-0001 |
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| **Project**| 20 | Project Code |
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| **Rate** | Float | Allocation percentage (%) |
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- **Example**
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- **Example**
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| **Code** | **Project** | **Rate** |
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|-----------|--------------|----------|
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| FF-001 | Project-A | 30 |
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| FF-001 | Project-B | 70 |
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| MV-001 | Project-A | 100 |
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| **Code** | **Project** | **Rate** |
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|-----------|--------------|----------|
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| FF-001 | Project-A | 30 |
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| FF-001 | Project-B | 70 |
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| MV-001 | Project-A | 100 |
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### Quick Import Asset List
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Asset import function available in SQL Account version 5.2022.948.826 and above.
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:::
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## Generate Asset Opening vs GL Maintain Opening Balancec Report
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## Generate Asset Opening vs GL Maintain Opening Balance Report
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*Menu: Asset | Maintain Asset Item...*
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3. With the **Asset Opening Breakdown** in the report, it helps you to ensure the asset data inputs are correctly recorded in Maintain Asset Item.
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![asset-breakdown](../../../static/img/usage/asset/assetBasicGuide/asset-breakdown.jpg)
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![asset-breakdown](../../../static/img/usage/asset/assetBasicGuide/asset-breakdown.jpg)

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