Acquisition to depreciation

Step by step

1. Master data setup Controller / CFO

   Configure entity-scoped categories, financial account mappings, custodians and reviewed effective tax rules. Retain policy versions for in-service assets.

   • Updates Asset categories, Employees, Tax rule sets

2. Asset capitalization Fixed Asset Accountant

   Reconcile capex source evidence with the individual asset, cost, in-service date and assignment. Duplicate source events return the existing candidate; activating an asset follows the reviewed capitalization policy.

   • Updates Fixed assets, Asset capitalizations

3. Asset book setup Fixed Asset Accountant

   Create financial and tax books with distinct basis, method, convention and rule version. Designate the financial posting book and preserve calculated forecasts separately from posted history.

   • Updates Asset books, Book schedules

4. Depreciation calculation Fixed Asset Accountant

   Calculate one candidate per entity, book and period using versioned inputs. Do not update posted accumulated depreciation from draft calculations. Repeated requests reuse the same run identity.

   • Updates Depreciation runs, Depreciation run items, Book schedules

5. Depreciation approval Controller / CFO

   Independently approve the reviewed financial-book run. Tax Accountant independently approves tax-book work. Send a balanced journal proposal to accounting and mark financial completion only after its exact posted acknowledgment.

   • Updates Depreciation runs, Depreciation run items
   ApprovalA person approves before the work moves on.

Controller / CFO

Controller / CFO works within the record, field and action scope below.

Fixed Asset Accountant

Fixed Asset Accountant works within the record, field and action scope below.