Tip Tuesday: Projecting Depreciation in CMI Fixed Assets
Posted by Kassi Mortensen on Tue, Jun 14, 2011 @ 08:00 AM
CMI Fixed Assets has a Depreciation Projection feature.
You can find it under Reports on the left side bar or across the top under Depreciation Projection.
This feature/report allows you to project your depreciation either 5 years or 10 years into the future.
Once you click the Depreciation Projection icon, the Projection box pops up. It shows the current year end as well as the first projection year end at the top of the box.
The black arrow points to the spot where you can select 5 years into the future or 10 years into the future.
You can also choose to project the data for all assets or selected assets as determined by your chosen criteria. And as with all other reports within CMI you can choose which schedule you would like to project AND whether you want totals only or asset details.
These projections are based on the assets that you have currently entered into the CMI Fixed Asset software. To create a what if scenario, you could create a new company and enter data based on the possible acquisition and disposition of assets as well.
If you have any questions concerning the projection of depreciation data within CMI Fixed Assets, or anything else related to CMI, please feel free to contact us at 1-800-678-3658.