Please excude my Fixed Assets ignorance but I do not do much with this module. We have a client who recently let go an employee. This employee handled their fixed assets. The question right now is two fold.
1) Have all assets been depreciated for 2012?
2) Has Fixed Assets year-end process for 2012 been run?
Before I start pushing buttons is there a way to tell if both steps 1 and 2 have been performed? I know for sure that the fiscal year has been closed but I ahve my doubts about Fixed Assets. Can Fixed Assets be closed after the fiscal year has been closed?
Richard E. Wheeler 2013 MVP
MS Dynamics GP Support
www.rbsolutions.com Revered Business Solutions Ballston Lake, NY 518-877-0763 x10
To be sure that all assets have been depreciated for 2012, just run depreciation again. It won't depreciate anything twice. As far as the year end close is concerned, yes, it can be closed after the GL fiscal year is closed. Just go into the year end close routine for fixed assets and you will be able to see which books are closed and what fiscal year is current.
You'll need to close the fixed assets year before you can depreciate for the next year,
Leslie Vail, CPA, MVP, MCT, MCITP, MCP, MCITSASCI, Inc. * PO Box 600965 * Dallas, TX 75360 * 972-814-8550 * email@example.com
Will depreciating the assets result in any posting to GL? If so, how do I make sure the posting date is in the previous year? They contacted Microsoft and were told in GP 2013 you can underepreciate a range of assets as opposed to doing it one at a time. So now they want to quickly upgrade to GP 2013. Sounds like your suggestion is the better way to go, for now.
Richard, after you run depreciation, run the GL Posting Routine. If there is any depreciation to be posted, it will appear on the posting edit list and in an unposted GL batch that begins with FATRX . . . . The transaction date can be selected in the GL Posting window.
Frank E. Hamelly, MCP, MCITP, MCT, MVP
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