Define and/or change asset group settings

Disclaimer

All screenshots in the article were taken in the Dutch version of Yuki.

Yuki records depreciation in the asset statement based, among other things, on the settings for each asset group.

Before recording depreciation, these settings must be defined, checked and/or changed.

ATTENTION!

• The settings you define for an asset group apply to all administrations in the domain.
• The settings you define for an asset group apply to all assets that do not have individual settings. So if you change an asset group setting because you want to record depreciation in a different way, you change it (retrospectively) for all assets that do not have individual settings.
• If you change one or more settings of an asset group because you want to record depreciation in a different way, the Create journal entries button appears on the screen only when the sum of the new depreciation exceeds the balance of the depreciation already recorded.

  
  

  The 'old' depreciation that has already been recorded will not be adjusted or deleted. Yuki records the new depreciation as an additional journal entry.

Only a user with a 'Back office' role in the domain or the 'External accountant' role can record, check and/or change these settings.

Hover over the Financials icon in the navigation bar, then click on Assets and open the asset account by clicking on the name of the respective asset account.

The following screen is opened:

To record, check and/or change asset group settings, click on the Asset group settings button.

The following screen is opened:

Asset group ledger accounts

Here you select the general ledger accounts that belong to this asset group. This applies to the depreciation balance sheet account, the depreciation income statement and the account on which any sale of an asset is recorded.

Standard depreciation calculation

The settings below apply to all assets that do not have individual settings. If you change a setting here, you therefore change it (retrospectively) for all assets that do not have individual settings.

• Depreciation type:
  • number of depreciation years: in how many years are the assets in this account depreciated
  • depreciation % (per year): here you indicate the depreciation rate
• Residual value %: a residual value must be taken into account when calculating depreciation
• Begin depreciation: are assets depreciated on a standard pro rata basis (from the date of acquisition) or from the beginning of the financial year.