Hi:
Retirement of a fixed asset is being successfully conducted, but the Depreciation Expense account is being debited instead of Accumulated Depreciation.
I know that there is the Retire Undo feature. But, that only works for one asset at a time. And, yes, adjustments can be made in the general ledger.
To prevent this from happening again in the future, is the only way to ensure that the assets are coded to the correct G/L accounts?
Secondly, is there a way of "fixing" such a situation short of the two remedies that I just mentioned?
Thank you!
John
