Reverse Depreciation Overview
Reverse Depreciation is the ability to amend and correct a processed auto depreciation. This functionality is vital for when you have completed an auto depreciation and there may now be some amendments or adjustments to the depreciated values, such as changes to tax laws, under utilisation of a depreciating asset or the asset has been written off. The SapphireOne Reverse Depreciation function allows the reversing of the last Auto Depreciation function that was executed.
SapphireOne will only display Asset depreciation transactions for any months that have not yet had the End Of Month procedure executed for the Assets.
When the Reverse Depreciation function is selected SapphireOne will display a list of transactions that meet the criteria.
Reverse Depreciation Page
Procedure
- First select the Assets that are to have their Auto Depreciation reversed. As each item is selected a Tick will be displayed.
- When the required Asset depreciation transactions have been selected select the Process button.
- The alert screen seen below will be displayed.
- Select the Process button again to complete the procedure.
Once selected, SapphireOne Assets will create all the correcting journals required to reverse the Auto Depreciation that was run for the items as selected.
Dictation and Speech to Text Overview
SapphireOne’s Dictation (MacOS) and Speech to Text (Windows) functionalities revolutionise data entry. These features are available for any data entry field and all inquiry screens within SapphireOne. For instance, when a user makes a call via the SapphireOne Softphone, SapphireOne automatically timestamps the contact and phone number. Post-call, users can dictate notes directly into the CRM contact memo field in relation to the stamp.
This functionality is applicable across all Data Entry screens. As examples, when entering a Vendor Invoice (VI), users can dictate memos directly. Similarly, additional lines can be added to the General Ledger account, with each line having a unique memo field. After an employee interview, users can efficiently dictate notes.
Speech to Text and Dictation are powerful tools that SapphireOne and its clients use daily, significantly saving time.
This creates a full reversal as though the Auto Depreciation never occurred for the Assets as selected.
This function is normally only used if the Auto Depreciation has been used in error. For example, when making some final checks before the End Of Month is run reveals that there is an error or an adjustment that needs to be made to an Asset or Assets, the Reverse Depreciation function may be run, the error or adjustment made, and the Auto Depreciation function re-run.
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