How To: Generate FAR Summary Report

How To: Generate FAR Summary Report

This Fixed Assets Register Summary Report is used for the accounting compliance purposes and it shows the Gross Block and Accumulated Depreciation for the Assets. 

 It can be reached by:

 Reports > Depreciation Reports > FAR Summary Report 

We will see the following screen: 

 

 


We can see here, the colored boxes shown in the Red Rectangle. These give us the option of saving as Report or Widget, Exporting the data as PDF or Excel File, Refreshing the data to reflect any new additions and Grid Settings to tailor the information grid according to our requirements by making changes to it. 

We can increase the per page records that will be shown, by clicking on Showing Records Dropdown which can be seen within the Purple Rectangle in the above image. 
Here, we will also see a drop down shown above in the Orange Rectangle Shape where “Default View” is written. This means that the FAR Summary Report which will be shown below will be in the default view which has been provided. We can also create our own custom view by clicking on the “+” Button on the right of “Default View”. 

In this report, we can find the information regarding Depreciation for both type of methods which are Straight Line and Written Down Value. 


We have two fields related to Financial Year and the Month in this form. We need to choose them as per our requirements. 

When we click on “Run Report”, then the report will be visible in the information grid below. 

We can use the “Clear” Button to clear the contents of the FAR Summary Report Form. 

 

  


We can set filters by adding information in the area shown by the Yellow Rectangle. This can be done for different fields in the information grid.
Also, multiple filters can be added at the same time. 

We can remove the filters through the “Clear Filter” Option shown in the grey rectangle. 

Here GB refers to the Gross Block of Assets, and AD refers to Accumulated Depreciation of the assets. 

So, here the GB Opening Value, the Category to which the assets belong, any additions or deletions made from these assets, the GB Closing value is mentioned. 

 



The AD Opening Value and the Additions and Deletions in that are also mentioned. 

We can also see the AD Closing Value, the Written Down Value (WDV) Method calculated Depreciation Opening and Closing Value. 

This is how we can see and manage the FAR Summary Report. 



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