Change Depreciation Accounting Status on an Asset

Administrator Guide

Security: Process: Business Asset Accounting
in the Business Asset Accounting functional area.

Set the accounting status for depreciation expense lines or clear the accounted status on assets in an asset accounting book. Setting the accounting status helps you avoid generating accounting journals for depreciation expense for prior periods.

You can set the depreciation accounting status when:

Registration and assign asset accounting are complete.

There is at least 1 asset depreciation schedule that doesn't have expense lines posted.

The asset doesn't have an In Progress event.

From the related actions menu of an asset, select

Business Asset

Change Depreciation Accounting Status

The task is available until Workday posts depreciation expense using the

Record Depreciation Amortization Expense

task for that asset book.

As you complete the task, consider:

Option	Description
Restricted to Asset Books	Select asset books to set the depreciation expense status to Accounted .
Set/Clear Accounted Status	Select to either set or clear the accounted status.
Depreciation Period On or Before	Specify the date that you want the accounting status to take effect.

Workday sets the deprecation accounting status to

Accounted

for the selected fiscal periods and asset books.