Inventory Depreciation

• Overview
• Enabling Inventory Depreciation Fields
• Entering Depreciation Information on Inventory Models
• Entering Depreciation Information on Serial Units
• Bulk Editing Serial Unit Depreciation Fields
• Depreciation Reports

Overview

You can track depreciation for your inventory using fields built into Flex serialized inventory models and serial units. When Track Depreciation is enabled, you will see two new fields on inventory models (serialized inventory models only) and serial units:

• Depreciation Period (in Months)
• Salvage Value

Enabling Inventory Depreciation Fields

To enable the inventory depreciation fields, go to the   Inventory menu, then click Inventory Settings. Set the "Track Depreciation" setting to Yes. 

With this setting set to Yes, you will now see the Depreciation Period (in Months) and Salvage Value fields in the following places:

• The new / edit serialized inventory model popup
• The new / edit serial unit popup
• In the inventory model header area (if values are entered in the fields)
• In the serial unit header area (if values are entered in the fields)

Entering Depreciation Information on Inventory Models

To enter depreciation information on an inventory model:

1. Open an inventory model (or create a new inventory model and bypass step 2).
2. Click the  Edit Model icon in the top-right corner.
3. Find the depreciation fields and enter information.
4. Click OK

Setting a value for these fields in the inventory model serves as a reference for what you might set the serial unit value to. When you create a new serial unit (from the Serial Units tab), the Depreciation Period and Salvage Value will pre-populate with whatever is set in the model settings. Both fields can be modified before creating the new serial unit.

Entering Depreciation Information on Serial Units

To enter depreciation information on a serial unit:

1. Open a serial unit.
2. Click the  Edit Model icon in the top-right corner.
3. Find the depreciation fields and enter information.
4. Click OK

As mentioned in the previous section, when creating a new serial unit, the depreciation fields will auto-populate with whatever is set in the parent model. But you can manually change the unit values before creating the unit.

Bulk Editing Serial Unit Depreciation Fields

1. Open a a serialized inventory model.
2. Click the Serial Units tab.
3. Check the box next to any serial unit you want to bulk edit.
4. Click the  Edit Selected Units icon below the grid.
5. Find the depreciation fields and enter values.
6. Click UPDATE.

Depreciation Reports

You can run the Inventory Asset Depreciation report from the  Reports page on the  Main Menu.