Inventory Menu Option "7"
This report will calculate your depreciation expense monthly and decrease the inventory items balance by the amount of depreciation deducted. The FLIPS should be run before the depreciation (if you have rental and retail agents, most stores do not need to run flips). The depreciation can only be run once a month after the first of the month. The only agents that will come up are the ones that are setup for depreciation. See AGENT MAINTENANCE.
When you go into this the agents that can be depreciated will be listed along with the last month depreciation was run. Select which agent to run then push F5. You will be prompted are you sure you want to continue. The report will list all inventory under the selected agent, the old balance, amount of depreciation and the new balance.
A backup of the depreciation report will be saved in the "\flips" subdirectory of the data directory. The backup file will be named as follows:
Agent name : Month and year depreciation report is for : 001.txt
Example: "ITT Retail Mar-2000 001.txt"
The backup file is a precaution in case the original report is lost there is no other way of recreating the report other than the backup file.