TRAVERSE Global v11.1
Post Period Depreciation
If you interface Fixed Assets with General Ledger, the system automatically creates entries in the GL journal when you post the BOOK depreciation type.
Use the Post Period Depreciation button to post the calculated depreciation for the selected periods. If you interface Fixed Assets with General Ledger, the GL journal is updated during the post. A posting log is also generated.
| Account | Entry |
| Depreciation Expense | Debit |
| Accumulated Depreciation | Credit |
The Depreciation Expense and Accumulated Depreciation accounts used will come from the Fixed Asset setup on the Acquisition tab.