Define and/or change asset 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.

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

If not all necessary settings of an asset are recorded, the asset will not be approved by Yuki. In that case, the icon below appears above the asset concerned.

ATTENTION!

If you change one or more settings of an asset 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 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.

TIP!

In the settings of an asset in the asset group 'Buildings', the WOZ value of a property can be included in the depreciation calculation.

For a detailed description, see article Include WOZ value of property in depreciation calculation.

Hover your mouse 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.

Then, in the now-opened screen, hover your mouse over the line of the asset in question, click on the button with the three dots and then select Change asset settings from the drop-down menu.

The following screen is opened:

TIP!

To reset the settings for the asset to those of the asset group, click on the Reset button.

Here you can define and/or change the following settings:

• Description (required): by default, the description of the invoice line or transaction line is used.
• Begin depreciation (required): by default, the start date as set in the asset group settings is used. The asset can be depreciated pro rata (from the acquisition date) or from the start of the financial year.
• Depreciation method (required): linear or degressive
• Depreciation type (required):
  • number of depreciation years: in how many years the asset is depreciated
  • depreciation % (per year): here you indicate the depreciation rate.
• Residual value method:
  • Residual value in %
  • Residual value in €

ATTENTION!

You can also record the amount of cumulative depreciation here if the asset was acquired before the start date of the administration in Yuki. This field is only available if the asset was entered via an opening balance sheet.

For a detailed description, see article Asset statement and opening balance sheet.