Step 20 - Define Your Calendars (Required)

Use the Calendars window to set up as many depreciation and prorate calendars as you need. Calendars break down your fiscal year into accounting periods. Define your calendars with as many periods as you need.

Define a prorate calendar and a depreciation calendar for each depreciation book. Depreciation books can share a calendar, and you can use the same calendar for your depreciation calendar and prorate calendar if appropriate.

Depreciation Calendar	Determines, with the divide depreciation flag, what fraction of the annual depreciation amount to take each period.
Prorate Calendar	Determines, with the date placed in service, which depreciation rate to select from the rate table.

You can set up different calendars for each depreciation book. For example, you might set up a monthly calendar for financial reporting and a quarterly calendar for tax reporting. See: Specifying Dates for Calendar Periods.