This is usefull in calculating depreciation correctly on first month of purchase.
For an example an asset purchased on 15/02/2025, the system must be able to calculate depreciation for 15days for the first period and not calculate depreciation from the 1st of february or from next period
FA depreciation will be acurately recorded in period of purchase, this becomes material on assets with purchase values of say 10 000 000 rands.
Hi Yaseen.
Thank you for your feedback on this but implementing daily depreciation is a nightmare. It creates 1 line for every day for each asset. Takes so long and creates too many lines.
Thank you for suggesting the addition of pro rata depreciation calculations to the Evolution application. Currently, the system operates on a period-driven basis, allowing users to specify the number of periods per year—entering 12 for monthly depreciation or 365 for daily depreciation. Implementing pro rata depreciation would require significant changes to this structure.
While we recognize the potential benefits of this feature, we cannot provide or commit to a timeline for its implementation at this time. You might consider using the daily depreciation setting (365 periods) as an alternative.
We value your feedback . Please feel free to reach out with any further questions or concerns.