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X3 Depreciation Setup Guide

This document outlines how to set up depreciation types and methods in the X3 system. It describes setting up two miscellaneous tables, one for depreciation types like book and tax, and another for methods like straight line and double declining balance. The steps include defining the new tables, populating them with the relevant depreciation options, and saving the entries.

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584 views4 pages

X3 Depreciation Setup Guide

This document outlines how to set up depreciation types and methods in the X3 system. It describes setting up two miscellaneous tables, one for depreciation types like book and tax, and another for methods like straight line and double declining balance. The steps include defining the new tables, populating them with the relevant depreciation options, and saving the entries.

Uploaded by

caplusinc
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Setting up Depreciation Types and Depreciation Methods in X3

Through the setup of the depreciation types you can indicate the different
methods for which you wish to track depreciation. The two most common
methods include book and tax. The setup of the depreciation methods indicate
the different depreciation options including (straight line, double declining, sum of
years digits, etc.)

Step 1: Definition of the new miscellaneous tables

Go to Development/ Data and Parameters/ Definition of misc tables

Click on New
Setup misc table 312 as is shown below.
Click Create and then Validate
Perform the same exercise for misc table 313

Setup of misc table 312

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Setup of misc table 313

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Step 2: Populating the new misc tables

Go to Development/ Data and Parameters/ Miscellaneous Tables

Setup the Depreciation Type (Misc table 312) as shown below


Click on Save
Perform the same exercise for the Depreciation Methods (Misc table 313)

Setup of Misc table 312

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Setup of Misc table 313

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