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How to record amortization for assets?

  • January 16, 2024
  • 2 replies
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Do Gooder (Customer)
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Hello,

There is a list of assets which we have to allocate amortization amount to individual asset.

What is the process of capturing/ generating amortization for objects in IFS Application?  

 

Best Regards,

Anne.

Best answer by Buddhika Kurera

@YPAANNILK It is possible to create an Amortization schedule for Right-Of-Use objects in 

Financials > Fixed Assets > Lease Accounting > Lease Accounting Contract

Hope this satisfies your requirement.

2 replies

Buddhika Kurera
Superhero (Employee)
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  • Buddhika Kurera
  • Superhero (Employee)
  • Answer
  • January 16, 2024

@YPAANNILK It is possible to create an Amortization schedule for Right-Of-Use objects in 

Financials > Fixed Assets > Lease Accounting > Lease Accounting Contract

Hope this satisfies your requirement.

--Buddhika Kurera (buku) -- linkedin.com/in/bckurera/
    Y
    Do Gooder (Customer)
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    • YPAANNILK
    • Author
    • Do Gooder (Customer)
    • January 16, 2024

    Thank you very much Buddhika. I will follow the provided instruction. Appreciate your assistance.

    Best Regards,

    Anne.

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