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Inflation accounting (correction) is the correction of financial statements that cannot express the real situation due to changes in the purchasing power of money, in order to make them express the real situation. Inflation adjustment for fixed assets can be made both individually and collectively. When done from the fixed asset detail, inflation correction is made for a single fixed asset and a single voucher is created. On the Accounting Transactions page, a collective correction is made to all fixed assets at once, and this correction is collected collectively into a single voucher.

Path: ERP > Finance Accounting > Fixed Assets

Inflation correction on Workcube can be made with 3 different methods: fixed asset basis, stock basis and account basis.

Inflation Correction - Accounting Records
Inflation Adjustment - Stocks
Inflation Adjustment - Fixed Assets

Inflation adjustment in Fixed Asset detail

If you want to make inflation correction on a fixed asset basis, that is, individually, go to the detail of the fixed asset and click on the bottom section. Click on the + button in the Inflation Adjustment field.

New values regarding inflation correction are calculated according to the correction coefficients on the entered correction date. The correction date and accounting accounts for the voucher to be created are entered and saved. After registration, the accounting voucher will be created automatically.

Correction Date: The transaction date is entered on which date the correction will be made. It is important to choose the correction date correctly, since the coefficient calculations are made based on this date in the formulas. Corrections can be made at the end of the year or during provisional tax periods.
Correction Coefficient: Yi-PPI index definitions are taken into account in the correction coefficient. Correction coefficients are based on Entry Date and Correction Date.
Adjusted Value: The value found after multiplying the First Purchase Price and the correction coefficient.
Depreciation Inflation Adjustment Difference: The corrected depreciation value is found by multiplying the allocated depreciation amount with the correction coefficient. It is the value found by subtracting the depreciation amount from the adjusted depreciation amount.
Fixed Asset Adjustment Difference: The value found by subtracting the adjusted value and the initial purchase price.

Formula:

[ 141]

Basic for Adjustment Value:	2.650,00
Correction Coefficient:	D-PPI for the month and year on the correction date / PPI for the month and year on the transaction date PPI
	12/2023 = 2.915,02 / 04/2023 = 583.38
	2,915.02 / 583.38
	4.99678
Corrected Value:	Initial Purchase Price x Adjustment Coefficient
	2.650,00 x 4.99678
	13,241.47
Fixed Asset Adjustment Difference:	Adjusted Value - Initial Purchase Price
	13,241.47 - 2,650.00
	10,591.47
Depreciation Inflation Adjustment Difference	Allocated Depreciation x Adjustment Coefficient - Reserved Depreciation Amount
	88.25 x 4.99678 = 440.9658
	440.9658 - 88.25
	352.72

Accounting The voucher is created for both fixed assets and accumulated depreciation. The created voucher can be viewed from the details of the correction, as well as examined from the "Accounting Vouchers" page.

Values are calculated according to the coefficients on the correction date. First of all, the accuracy of the Index Rates should be checked.

After inflation correction is made, the latest values can be displayed in the fixed asset detail and fixed asset listing page.

In the fixed asset valuation process, the valuation is carried out based on the last value after the correction.

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