Defining fiscal years for asset depreciation - HxGN EAM - 12.0.1 - Help - Hexagon

HxGN EAM Help

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HxGN EAM
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HxGN EAM Version
12.0.1

Create fiscal years to indicate the fiscal periods on which to base asset depreciation. When defining fiscal years for an organization, you cannot create any gaps or overlaps between fiscal year periods.

After defining fiscal years, you can update them as necessary. However, updating an existing fiscal year can invalidate records associated with equipment for which unit of output is the depreciation method.

  1. Select Administration > Security > Organizations.

  2. Select the record for which to define fiscal years, and then click the Fiscal Years tab.

  3. Click Add Fiscal Year.

  4. Specify this information:

    Start Date - Specify the date on which the fiscal year begins.

    End Date - Specify the date on which the fiscal year ends.

  5. Click Submit.

  • Deleting an existing fiscal year deletes records associated with equipment for which unit of output is the depreciation method.

  • To recalculate depreciation details for the equipment, click Recalculate Depreciation Details.