The following updates have been added to RamBase Cloud ERP:
Finance
Automatic asset capitalization posting for rental fleet activation
Classification: USEFUL
We are pleased to announce an enhancement to the Move goods to rental fleet process that ensures correct and automatic accounting when transferring items from inventory to fixed assets. This update removes the previous need for manual general ledger adjustments and supports the financial automation in the RENTAL module.
When a rental object is activated from inventory, the system will continue to post the standard Fixed assets (FAR) transaction. In addition, it now automatically creates a second posting that debits the Depreciation rule (DPR) Investment Account and credits a newly introduced, Asset capitalization, Accounts default (ACD). This ensures that the Depreciation rule (DPR) settlement account is cleared correctly at the moment the asset is capitalized.
The new Accounts default (ACD) provides proper mapping of the cost of goods transferred from inventory to fixed assets. Both postings are generated within the same transaction batch, fully traceable in the general ledger, and validated to avoid duplicates. If required Accounts default (ACD) settings are missing, the system will block the posting and notify the user.
This release focuses specifically on automating the Depreciation rule (DPR) clearing step
Alberina Shala
The following updates have been added to RamBase Cloud ERP:
Finance
Automatic asset capitalization posting for rental fleet activation
Classification: USEFUL
When a rental object is activated from inventory, the system will continue to post the standard Fixed assets (FAR) transaction. In addition, it now automatically creates a second posting that debits the Depreciation rule (DPR) Investment Account and credits a newly introduced, Asset capitalization, Accounts default (ACD). This ensures that the Depreciation rule (DPR) settlement account is cleared correctly at the moment the asset is capitalized.
The new Accounts default (ACD) provides proper mapping of the cost of goods transferred from inventory to fixed assets. Both postings are generated within the same transaction batch, fully traceable in the general ledger, and validated to avoid duplicates. If required Accounts default (ACD) settings are missing, the system will block the posting and notify the user.
This release focuses specifically on automating the Depreciation rule (DPR) clearing step