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Depreciation journal incorrect

I have raised this with Support, who say it is calculating the depreciation as it should be in Kashflow, and if this is incorrect its a product issue not a support issue.


This is an example of depreciating an asset - what should happen, as I understand it:

Asset purchased on 12/09/2016 at a value of                                                                                                 £156.94

Depreciation for the first 12 months (12/09/2016 – 12/09/2017)                                                                 (£23.54)

Net book value as at 12/09/2017                                                                                                                       £133.40


However, the Kashflow journal is basically saying:

Asset purchased on 12/09/2017 at a value of                                                                                                         £156.94

Deprecation in year 1 for period 12/09/2017 – 12/09/2018 (not calculated by Kashflow)                               (£23.54)

Depreciation calculate by Kashflow for period 12/09/2017 – 12/09/2018 (Automatic Kashflow journal)   (£20.01)

Net book value as at 12/09/2017 (according to Kashflow)                                                                                    £113.39

  • Heulwen Thomas
  • Jun 13 2018
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