Beginning Year-to-Date Field

Use this book information field in Asset Detail to enter the amount of depreciation, if any, already taken on this asset for the fiscal year in which you are switching the asset's depreciation to the application. This amount is the amount of depreciation taken from the beginning of that fiscal year through the date you will enter as the beginning date for depreciation. If the beginning date is any date other than the end of a fiscal year, you must enter an amount in this field to get correct results for the current fiscal year. If you do not enter an amount in this field, the system assumes that you did not take any depreciation in the current fiscal year.

If you are entering an asset for which you have already computed depreciation, Asset Detail provides three fields - Beginning Date, Beginning Year-to-Date, and Beginning Accumulated - for entering this depreciation information. For more information on how beginning depreciation works, see Beginning Depreciation Fields.