When you run a fixed asset issue voucher and realize a loss, you can automatically create a deferrals card. The deferrals card shows the calculated loss and the write-off period, which is defined as the difference between the depreciated object's anticipated useful life and the actual length of time that it was held before the loss was incurred.

  1. Click Fixed assets> Setup> Depreciation groups.

  2. Click the Deferralstab, and then set up the parameters for creating deferrals on when a loss is realized.

  3. Select Disposalif you want to dispose of the fixed asset entirely, or Partial take-downto dispose of part of the fixed asset.

  4. In the Model numberfield, select the deferral model number.

  5. In the Deferrals groupfield, select the deferral group.

  6. In the Expense codefield, select the expense code.

  7. Press CTRL+S or close the form.

See Also