The Financial Summary Reports summarise changes to the financial position of assets over a given period of time. The reports list:
Opening balances at the start of a period
Additions for the period made up of new purchases, transfers in, assets not previously recognised, depreciation expense and asset revaluations
Reductions for the period made up of sales, transfers, writeoffs and trade ins
Closing balances at the end of the period.
The calculated Financial Summary Report calculates all of the figures based on current values recorded against assets. If asset details change over time, this report, if generated and compared with a similar report run on an earlier date, may vary in detail to an earlier report.
Report Parameters:
The Depreciation Book to use when calculating depreciation values
Whether to only include depreciable assets
The Depreciation Date Range (inclusive) to use when calculating depreciation values
Run the Assets Module.
Choose Financial>Financial Summary from the Reports menu option.
Choose the depreciation book, and the starting and ending dates for calculating the depreciation figures. Choose whether to include only depreciable assets. Select the parameters for the report (if any). Click the OK button on the report parameter window to run the report.