Can you please show me how to find Accumulated Depreciation in Simple Fund 360.
The way Simple Fund 360 processes Depreciation does not require an Accumulated Depreciation Account. The following explanation will guide you through how Accumulated Depreciation is treated in Simple Fund 360.
Firstly, Depreciation entries will need to be entered into Simple Fund 360. For further assistance, please see the article How to Enter Depreciation
Once Depreciation entries have been posted, the Depreciation entry reduces the CGT cost base of the asset.
To view the Depreciation entry and the impact the entry has had on the CGT cost base, you will need to access the Unrealised Capital Gain Report. For further assistance in accessing the report, please see the following article Unrealised Capital Gain Report
Once you have opened the report, refer to the Tax Deferred/Depreciation Column. Please see the example below.
Manually entering Accumulated Depreciation
If the purchase date of an Asset was in a prior Financial Year, users will have the option to enter Accumulated Depreciation in the Depreciation Schedule.
In the example below, the Fund is in FY2020 and entering an asset purchased in a prior period using the Depreciation Schedule.
Alternatively, when entering opening balances users can manually enter transactions to record the existing depreciation. See Option 1 of Depreciation - Recording at written down value.