Asset Depreciation in Qoyod: Step-by-Step Guide to Automated and Manual Methods

Step-by-step instructions for depreciation of fixed assets in Qoyod.

1. Accessing the Fixed Assets Section:

   • From the Fixed Assets dropdown menu, select Depreciation.

2. Selecting the Depreciation Type:

   • Click on Add Depreciation.
   • You have two options to choose from: Automatic Depreciation or Manual Depreciation.

First: Automatic Depreciation Method

1. Filling in the Data:

   • Reference Number: It is filled automatically.
   • Asset Classification: Select the asset classification or choose all classifications.
   • Asset Name: Choose the asset you want to depreciate or all assets.
   • Depreciation Period Type: Choose the period (daily, weekly, monthly, yearly).
   • Period: It is determined based on the depreciation period type.

2. Calculating Depreciation:

   • If the asset was received on the depreciation start date within the specified depreciation period, the depreciation calculation starts from the day the asset was received until the end of the depreciation period.
   • If the asset was received before the specified depreciation period, depreciation is calculated based on the days in the period.

1. • If the asset was received before the specified depreciation period, depreciation is calculated based on the days in the period.

2. Saving the Data:

   • After filling in the data, click Save to complete the process.

3. Viewing Depreciated Assets:

   • The list of depreciated assets will appear on the Depreciation page.
   • You can search for depreciation using:
     • Reference Number
     • Depreciation Type
     • Depreciation Start Date
     • Depreciation End Date

4. Available Depreciation Options:

   • View Depreciation: To view the details of the depreciation process.
   • Delete Depreciation: To delete the recorded depreciation process.

1. • Download PDF.

Second: Manual Depreciation Method

1. Selecting Depreciation Type:

   • Select Manual Depreciation from the depreciation type after clicking the + button next to depreciation in the dropdown menu.

2. Filling in the Data:

   • Enter the depreciation value manually as appropriate.

3. Saving the Data:

   • After entering the data, click Save to complete the manual depreciation process.

Additional Notes:

• Make sure to select the correct period type to avoid errors in depreciation calculations.
• The manual depreciation option must be enabled in the asset classification you want to depreciate. If it has not been enabled, it will not appear in the options. You can go to asset classifications and click Edit next to the required classification to make the changes.

For More Information:

You can refer to the Depreciation page in the software.

Training Courses:

• Here is a practical instructional video that explains how to add a new depreciation and how to calculate depreciation