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How to record amortization for assets?

+1

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.

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Best answer by Buddhika Kurera 16 January 2024, 05:10

Userlevel 6

+13

@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.

+1

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

Best Regards,

Anne.

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