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How to Add a new Personal Property Trending Schedule

How to Add a new Personal Property Trending Schedule

Description of Issue
  • Is there a way to depreciate assets in personal property.
Context
  • Enterprise ERP
  • Property Revenue
  • Property Tax Billing
  • Personal Property
Cause

Instructional

Resolution
  1. Navigate to Property Revenue > Property Tax Billing > Region > State > Setup > Personal Property Trending Schedules.
  2. Click Add.
  3. Enter in a Code for the new Trending Schedule.
  4. Enter in a Description.
  5. Enter in the number of Years the Trending Schedule will have.
  6. For every year, in the Percent Good column, type the percentage of the original value for the age. For example, an item that is one year old would be of a better percentage than an item that is seven years old.
  7. Click Accept to save.
Additional Information

Please see How to Assign a Personal Property Trending Schedule to a Personal Property Value Record to assign Personal Property Trending Schedules to a Personal Property values record.

Please see How to Add a New Personal Property Item Code to Add a new Personal Property Item Code.