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Hello Experts,
I have posted Fixed Asset depreciation using Fixed Asset G/L Journal. See the below screen shot for FA G/L Journal,
After posting FA G/L Journal, I can see that there is 2 G/L Entries are created for it. See the below screen shot.
G/L integration is active in the Depreciation book, that is the reason I used Fixed Asset G/L Journal for manual posting of Depreciation.
Let me help to trace why these 2 G/L entries are created? else correct me if I wrongly posted the depreciation using Fixed Asset G/L Journal.
Thanks,
Ranjith E S
Yes that is how it works.
So to make sure it lands in correct G/L - confirm it with Accounting - and if something has to be changed, adjust the accounts in FA Posting Group.
I have run the process "Calculate depreciation "and the result as follows.
See the below screen shot for FA Posting group
The final account impact is Credited FA, Debited "Depreciation Expense Acc." and Credited "Accum. Depreciation Account", is this correct?
Regards,
Ranjith
Why do not use the process Calculate depreciation, that generates the lines correctly?
Also re-check the FA Posting Groups - and the Accumulated Depreciation account.
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