All financial transactions relating to assets are posted to the Pinnacle ledger so that Pinnacle can correctly report on the historical depreciation of assets. Postings take place throughout the life of an asset; from the initial acquisition, through periodic depreciation to the eventual disposal of the asset, thus capturing all aspects of an asset's life cycle costs.
Asset postings are summarised in the following table:
Event |
Structure 1 |
Structure 2 |
Structure 3 |
Amount |
Posting Type |
Journal Type |
Reason |
Asset purchases - single or cloned |
Account code part 1 |
Account code part 2 |
Account code part 3 |
Acquisition value of asset |
Debit |
PADDN |
Asset acquisition |
|
Purchase clearing account |
None ("Default") |
None ("Default") |
Acquisition value of asset |
Credit |
PADDN |
Asset acquisition |
Altering an asset's acquisition value |
Account code part 1 |
Account code part 2 |
Account code part 3 |
Difference between old and new acquisition value |
Debit |
PPRCC |
Asset acquisition value altered |
|
Purchase clearing account |
None ("Default") |
None ("Default") |
Difference between old and new acquisition value |
Credit |
PPRCC |
Asset acquisition value altered |
Altering an asset's asset type |
Old asset type's accumulated depreciation account code part 1 |
Old asset type's accumulated depreciation account code part 2 |
Old asset type's accumulated depreciation account code part 3 |
Asset's accumulated depreciation |
Debit |
PDEPN |
Asset type altered |
|
Old asset type's depreciation expense account code part 1 |
Old asset type's depreciation expense account code part 2 |
Old asset type's depreciation expense account code part 3 |
Asset accumulated depreciation |
Credit |
PDEPN |
Asset type altered |
|
New asset type's depreciation expense account code part 1 |
New asset type's depreciation expense account code part 2 |
New asset type's depreciation expense account code part 3 |
Asset's accumulated depreciation |
Debit |
PDEPN |
Asset type altered |
|
New asset type's accumulated depreciation account code part 1 |
New asset type's accumulated depreciation account code part 2 |
New asset type's accumulated depreciation account code part 3 |
Asset's accumulated depreciation |
Credit |
PDEPN |
Asset type altered |
Altering an asset's account codes |
Old account code part 1 |
Old account code part 2 |
Old account code part 3 |
Acquisition value or last revaluation, plus adjustments |
Credit |
PADDN |
Asset account code altered |
|
New account code part 1 |
New account code part 2 |
New account code part 3 |
Acquisition value or last revaluation, plus adjustments |
Debit |
PADDN |
Asset account code altered |
Asset financial adjustment - addition |
Account code part 1 |
Account code part 2 |
Account code part 3 |
Value of asset addition |
Debit |
PPRCC |
Asset financial adjustment |
|
Purchase clearing account |
None ("Default") |
None ("Default") |
Value of asset addition |
Credit |
PPRCC |
Asset financial adjustment |
Asset financial adjustment - revaluation |
Asset's asset type accumulated depreciation account |
Account code part 2 |
Account code part 3 |
Asset's accumulated depreciation |
Debit |
PREVAL |
Asset revaluation |
|
Account code part 1 |
Account code part 2 |
Account code part 3 |
Value of asset prior to revaluation |
Credit |
PREVAL |
Asset revaluation |
|
Account code part 1 |
Account part 2 |
Account code part 3 |
Asset's new written down value |
Debit |
PREVAL |
Asset revaluation |
|
Asset's asset type revaluation account |
Account code part 2 |
Account code part 3 |
Difference between asset's old and new written down values |
Credit |
PREVAL |
Asset revaluation |
|
Asset's asset type revaluation expense account |
Account code part 2 |
Account code part 3 |
Asset's existing accumulated depreciation |
Credit |
PREVAL |
Asset revaluation |
Asset finalisation - cancellation |
Asset's asset type depreciation expense account |
Account code part 2 |
Account code part 3 |
Asset's accumulated depreciation |
Credit |
PDISP |
Asset cancellation |
|
Asset's asset type accumulated depreciation account |
Account code part 2 |
Account code part 3 |
Asset's accumulated depreciation |
Debit |
PDISP |
Asset cancellation |
|
Purchase clearing account |
None ("Default") |
None ("Default") |
Asset's acquisition value |
Debit |
PDISP |
Asset cancellation |
|
Account code part 1 |
Account code part 2 |
Account code part 3 |
Asset's acquisition value |
Credit |
PDISP |
Asset cancellation |
|
Asset's asset type revaluation account |
Account code part 2 |
Account code part 3 |
Amount posted to revaluation account |
Credit |
PDISP |
Asset cancellation |
|
Purchase clearing account |
None ("Default") |
None ("Default") |
Amount posted to revaluation account |
Debit |
PDISP |
Asset cancellation |
|
Asset's asset type revaluation expense account |
Account code part 2 |
Account code part 3 |
Amount posted to revaluation expense account |
Debit |
PDISP |
Asset cancellation |
|
Asset's asset type depreciation expense account |
Account code part 2 |
Account code part 3 |
Amount posted to revaluation expense account |
Credit |
PDISP |
Asset cancellation |
Asset finalisation - write-off |
Asset's asset type accumulated depreciation account |
Account code part 2 |
Account code part 3 |
Asset's accumulated depreciation |
Debit |
PDISP |
Asset write-off |
|
Account code part 1 |
Account code part 2 |
Account code part 3 |
Asset's acquisition value |
Credit |
PDISP |
Asset write-off |
|
Asset's asset type write-off account |
Account code part 2 |
Account code part 3 |
Written down value |
Debit |
PDISP |
Asset write-off |
Asset finalisation - disposals and trade-ins |
Asset's asset type accumulated depreciation account |
Account code part 2 |
Account code part 3 |
Asset's accumulated depreciation |
Debit |
PDISP |
Asset disposal;asset trade-in |
|
Account code part 1 |
Account code part 2 |
Account code part 3 |
Asset's acquisition value or latest revaluation, plus adjustments |
Credit |
PDISP |
Asset disposal;asset trade-in |
|
Asset's asset type disposal account |
Account code part 2 |
Account code part 3 |
Asset's written down value |
Debit |
PDISP |
Asset disposal;asset trade-in |
|
Disposal clearing account |
Account code part 2 |
Account code part 3 |
Disposal or trade-in value |
Debit |
PDISP |
Asset disposal;asset trade-in |
For a loss, the following posting is also made |
Asset's asset type loss on disposal account |
Account code part 2 |
Account code part 3 |
Disposal or trade-in value |
Credit |
PDISP |
Asset disposal;asset trade-in |
For a gain, or zero gain, the following posting is also made |
Asset's asset type gain on disposal account |
Account code part 2 |
Account code part 3 |
Disposal or trade-in value |
Credit |
PDISP |
Asset disposal;asset trade-in |
Periodic Depreciation |
Asset's asset type depreciation expense account |
Account code part 2 |
Account code part 3 |
Depreciation for period |
Debit |
PDEPN |
Periodic depreciation |
|
Asset's asset type accumulated depreciation |
Account code part 2 |
Account code part 3 |
Depreciation for period |
Credit |
PDEPN |
Periodic depreciation |
Turning off an asset's depreciable flag |
Account code part 1 |
Account code part 2 |
Account code part 3 |
Sum of existing acquisition postings for this asset |
Debit |
|
Asset acquisition |
|
Purchase clearing account |
None ("Default") |
None ("Default") |
Sum of existing purchase clearing postings for this asset |
Credit |
|
Asset acquisition |
|
Asset's asset type accumulated depreciation account |
Account code part 2 |
Account code part 3 |
Sum of existing accumulated depreciation postings for this asset |
Credit |
|
Depreciation |
|
Asset's asset type revaluation account code |
Account code part 2 |
Account code part 3 |
Sum of existing revaluation postings for this asset |
Credit |
|
Revaluation |
|
Asset's asset type revaluation expense account code |
Account code part 2 |
Account code part 3 |
Sum of existing revaluation expense postings for this asset |
Debit |
|
Revaluation |
|
Asset's asset type disposal account |
Account code part 2 |
Account code part 3 |
Sum of existing disposal postings for this asset |
Debit |
|
Asset disposal |
|
Asset's asset type gain on disposal account |
Account code part 2 |
Account code part 3 |
Sum of existing gain on disposal postings for this asset |
Credit |
|
Asset disposal |
|
Asset's asset type loss on disposal account |
Account code part 2 |
Account code part 3 |
Sum of existing loss on disposal postings for this asset |
Credit |
|
Asset disposal |
|
Asset's asset type write off account |
Account code part 2 |
Account code part 3 |
Sum of existing write off postings for this asset |
Debit |
|
Asset disposal |
|
Disposal clearing account |
Account code part 2 |
Account code part 3 |
Sum of existing disposal clearing postings for this asset |
Debit |
|
Asset disposal |