An asset indicator is keyed on all ledger transactions. The indicator determines whether the transaction value is used to update the gross or depreciation value for the asset, or simply record an expense item to an asset.

The following asset indicators are available:

  Initial - this identifies the entry as the initial cost value.

 Depreciation period will commence from start period identified on the asset record.  If you are using depreciation tables you must use this indicator.

  Value  - also a cost value entry.

 Depreciation will be calculated from the period of entry.

  Depreciation  - the transaction amount reflects a depreciation amount against the asset.

  Unused  - no asset details are updated in the Asset register.

  This is useful when you wish to record an entry against an asset without updating either the cost or depreciation values e.g. expense tracking in relation to assets (motor vehicle running costs)

You should not use the Value indicator with assets whose depreciation method is set to Table Depreciation. All of the normal accounting principles apply, and journals must balance. In a multi-currency environment, the same indicator is used for all of the currency values on the transaction.