Turn on depreciation summarization—Fixed Assets Management

Summarizing depreciation reduces General Ledger volume by grouping depreciation postings across assets that share the same accounting attributes. This helps make depreciation activity easier to review and reconcile.

You can turn this setting on or off at any time. Changing it only applies to future depreciation postings.

At this time, summarizing depreciation entries is available only for companies with Correction treatment set to Reverse.

Before you begin

Turn on depreciation summarization

Subscription Fixed Assets Management

Administration
Regional availability

All regions

User type Business user with admin privileges
Permissions

Administration

  • Application subscriptions: Configure
  1. Go to Fixed Assets Management > Setup > Configuration.
  2. Select Edit.

  3. In the Depreciation settings section, select Summarize depreciation entries.

  4. Select Save.