I think this answers my question. I think you are right. Rate is annualized regardless wether you select Yearly or Monthly. Now that I have fiddled around more I think that's what it means

So for Depreciation starts actually start 1 period after Depreciation starts are kinda confusing, but I get it now. Maybe for future revision of FA we can do better /w choosing the right word as to not potentially introduce more ambiguity

However, there are 2 things that still confused me

1. The correct rate to use for straight line
Example I want to deprecate item "A" of value 1,200,000 for example for 2 years ( 1,200,000 / 24 = 50,000 each month ).
Now 50,000 / 1,200,000 is about 4.167% or 4.2% in FA's straight line

If I enter 4.2% in straight line method and process depreciation for "A", how come the depreciation value is 4,200 ? while I should be expecting 50,000 each month ?

2. How does FA decides when it starts to depreciate ?
On Fixed Asset item definition, you are provided field "Depreciation Starts" and I enter 1/1/2018.
And on purchase this particular Fixed Asset dated on 1/1/2018

When you want to start Process Depreciation however, the "Starting From Month" is February 2018 or March 2018 in some cases, but never on January 2018

Thanks
I don't think wiki covers this

Then in Fixed Asets -> Fixed Assets set your depreciation rate  for an item for say 20% (5 years)

All explained in the wiki

I can add/deprecate fine, it's not a problem. What seems to be a problem is the following

1. That when you input fixed asset purchase, say, on 3-01-2018 ... The depreciation only started 2 months later ( March 2018 onward ). Is there a way to set this to deprecate 1 month after ?
2. And what more alarming is that, you can ONLY deprecate for the remaining 10 months until December 2018. The item that I want to deprecate has probably 10 years lifecycle, like a production machine

Is this currently the limitation of using FA, or is there a setting that I need to adjust in order to make multi-Financial year depreciation ? I don't think 2.4.4 address this already, does it ?

At the moment, the only way to address multi-year depreciation is by entering manually on Journal Entry just like old days /w Excel ...

Thanks Guys,

This should not be done. A stock item is not a fixed asset item. We are now using a different function for the checks here: check_db_has_depreciable_fixed_assets()

Where should I change to use :
check_db_has_depreciable_fixed_assets

Since I'm a new beginner. It's too complicated for me, please explain more. Like, which file, and row number.

Regards,
Agus Widi

Dear Joe and Apmuthu.

Thanks for the the update below:
https://github.com/FrontAccountingERP/FA/commit/2e95a5672e4cabeaba603da7ac1105c3acb865ea

I follow and tested the script. 
The Process Depreciation is working, I'm using the original file of "data_checks.inc".
Now I go to Manage > Fixed Assets.
Usually I can select Fixed Asset that I have inputed before (I have several).
But Now I cannot see this : ---> Select an item: (which is usually placed on top).
So it makes me cannot modify an Fixed Asset.

Fortunately, I did following (AGAIN):

I've looking for the source code : 'data_checks.inc'

ON line 251, I 've found  this code :
function db_has_stock_items()
{
    return check_empty_result("SELECT COUNT(*) FROM ".TB_PREF."stock_master WHERE mb_flag!='F'");
}

I changed it to :

function db_has_stock_items()
{
    return check_empty_result("SELECT COUNT(*) FROM ".TB_PREF."stock_master WHERE mb_flag='F'");
}

Now, I can manage Fixed Asset.
I can select Fixed Asset and edit them.

I guess this problem related to "Process Depreciation" problem that I have submitted before.

Regards,
Agus Widi

/Joe

Joe

BTW. I follow your suggestion. It works.
I think this is the best update so far.
Thank you.