At the University of Connecticut, we've been running our Asset depreciation monthly for years. Our accounting department is interested in switching to running depreciation quarterly, starting with the second quarter (Oct - Dec). We had already run depreciation in our current fiscal year for July, August and September. We've tested changing over and running a first test depreciation with a Depreciation Date of December 31. This ran successfully and generated appropriate depreciation numbers, showing up in the December buckets.
Our question is whether other schools have been running a quarterly depreciation, and if so, have you encountered any issues with that (either technical or functional)? Also, has anyone switched from monthly to quarterly during the fiscal year, as we are planning to do? Again, did you encounter any issues with doing that?
We are on the current version of KFS, hosted internally.
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