Year End and Off-Cycle Depreciation

The assetDepreciationBatchJob runs when scheduled, depreciation is calculated and posted based on the value in DEPRECIATION_PERIOD parameter or based on the end of the current month if the DEPRECIATION_PERIOD parameter is blank. 

If you need depreciation to run outside of the normal run time, perhaps due to batch failure or during year end, set the DEPRECIATION_PERIOD to the end date of the period when depreciation should run. 

WARNING: Running depreciation off cycle should be run prior to the next depreciation run.  If you run depreciation for a prior cycle after depreciation has run for the next period, depreciation may not be accurately calculated due to looking forward. 

The following parameter specifies for what period depreciation should run: 

• Set DEPRECIATION_DATE = <the date depreciation should run as of, for example the last day of the prior month> format yyyy-mm-dd

When the depreciation job runs, depreciation will be created for the accounting period associated with the depreciation date parameter. The exception is for 06/30, if period 12 is closed, entries will be created for period 13. 

For information on running depreciation at year end refer to the Sample - Year End Depreciation Schedule article.