Modify Company Information lets you set the Tax Taken Thru and Book Taken Thru depreciation dates for the currently active company. These dates represent the month and year you last depreciated assets via the associated method, and Fixed Assets maintains them automatically as you run the depreciation procedure. To work with a different company, select a different company.
Update depreciation through dates
Important: The Book Taken Through date is enforced in Fixed Assets. Once you set this date and click Update, you cannot change this date or any earlier date for Tax or Book, and the action cannot be undone. If you later enter an earlier date in Book Taken Thru, the most recently entered date still takes precedence for future depreciations.
- Verify that the Company # and Name displayed match the company you want to update.
- In the Tax Taken Thru field, enter the month and year you last depreciated assets using the tax method.
- In the Book Taken Thru field, enter the month and year you last depreciated assets using the book method.
- (Optional) Select Adjust Straight Line to match federal tables to depreciate more than one month at a time.
- Click Update to save your changes and return to the Fixed Assets dashboard.
Reset or cancel without saving
To abandon your changes instead of clicking Update, use one of these options:
- Reset: Undo all changes made since the last time Company Information was updated.
- Cancel: Return to the Fixed Assets dashboard without saving changes.
Updated