Saturday, April 6, 2019

Repercussions of Asset Depreciation Rerun

1. Depreciation History will not duplicate. If Assets have already been depreciated from January to December of the current year and another Asset Depreciation will be run, Fixed Assets > Fixed Assets Background Processing > BG -  Process Instance List page will show Process Status = Completed, 0 Records Processed.

2. Assets will just be updated up to the Depreciation Period entered under Fixed Assets > Transactions > Asset Depreciation page.

3. Another Journal Entry will be created by the system for those Assets which encountered errors in a previous Asset Depreciation run.

1 comment:

  1. So if I run depreciation for the current month and then find 3 assets set up with incorrect life or method. I can fix the assets and rerun the depreciation for the current month. The new posting will only contain the delta from the previous run (in the same month)?