#### Financial management

Financial management determines the costs of services and provides financial accounting support to make sure expenditures fall within approved budgets and that funds are well spent.

By default there are four DT(Depreciation Type):

DT-SL (Straight line): Straight line depreciation method charges cost evenly throughout the useful life of a fixed asset.

DT-DB (Declining balance): Declining balance refers to the asset's book value or carrying value at the beginning of the accounting period. Book value is an asset's cost minus its accumulated depreciation.

DT-DDB (Double declining balance): The double declining balance depreciation method is an accelerated depreciation method that counts twice as much of the asset's book value each year as an expense compared to straight-line depreciation.

DT-SOD (Sum of year’s digit): Sum of the years' digits depreciation method involves calculating depreciation based on the sum of the number of years in an asset's useful life.

Note: DT-SL (Straight line) cannot be disabled. The inbuilt basic four depreciation types cannot be deleted.