The capital summary sheet provides a snapshot of an organization’s capital assets and their depreciation with an overview of CapEx by asset type and level. This sheet allows the user to see the total depreciation, which is broken down by new depreciation and existing depreciation, as well as fixed assets.
New Depreciation gives us the monthly depreciation of all the new budgeted assets for the new budget period by month. This comes from the Capital sheet via a linked account to carry dimensionality.
Existing Depreciation covers assets that were acquired prior to the current planning version and are actively depreciating. This information can be taken from a depreciation schedule directly from the ERP system or imported into a separate supporting schedule within Workday Adaptive Planning.
Fixed Assets are the new assets that are purchased in the given period and the purchase value that will be capitalized and depreciated. This also comes from the Capital sheet via a linked account to carry dimensionality.
Revelwood is an award-winning, Platinum Solution Provider for Workday Adaptive Planning. We build solutions for the Office of Finance that minimize your risk by seamlessly incorporating business analytics into your everyday thinking. By combining the software with our best practices and out-of-the-box applications, we help businesses achieve their full potential with Workday Adaptive Planning.
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