Short answer
Depreciation will not appear correctly if the asset is outside the period, has no applicable depreciation policy, is not active for depreciation, or the schedule and journal has not been generated and posted for the period.
What to check first
Why this happens
The fixed asset register is a schedule that supports ledger postings. A correct asset record still needs the right period and depreciation policy before it can calculate the charge that flows into the accounts.
Steps to resolve it
- Open the asset and verify cost, date and category.
- Review the depreciation policy and brought-forward accumulated depreciation.
- Run/review the fixed asset schedule for the accounts period.
- Post or refresh the depreciation journal through the supported workflow.
- Confirm the depreciation expense and accumulated depreciation appear in the TB and year-end report.
What to avoid
Frequently asked questions
Why is depreciation zero for a new asset?
The asset may fall outside the period, have a later depreciation start date or use a policy under which no charge is due for that period.
Can I bring forward existing assets into Balansix?
Yes. The opening fixed asset position should include cost and accumulated depreciation so future schedules continue from the agreed brought-forward values.
What happens on disposal?
The asset schedule should reflect the disposal and related accounting treatment so depreciation and carrying amount are not continued incorrectly.