Microsoft Dynamics GP (Archived)

Difference Between YTD and LTD in the screen shot.....

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Posted on by zulfi721

Also i assumed assets life one year and it is showing remaining one year

Acquistion Date is 1-1-2014

year end 31-12-2014

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zulfi721 on at

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i am trying to depreciate an asset and it is giving the following msg

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soma 24,410 on at

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Have you build the calender setup for Fixed Asset?

If not, go to Tools-->Utilities-->Fixed Asset-->Build Calender and then build the calender setup then process.

Hope this helps!!!

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soma 24,410 on at

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For more detail about Fixed Asset Management in GP, please have a look on the below link to download the user guide.

www.microsoft.com/.../details.aspx

Hope this helps!!!

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zulfi721 on at

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Thx Soma...

i have already printed this version of Fixed Asset guide but it has almost 166 pages....

Any how today's task is Fixed Assets implementation in Dynamics........

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L Vail 65,271 on at

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Hi,

Whenever I have received this message, it was because the FA books were closed and it no longer was in synch with the GP side of things. I would have probably tried to change the user date, but I don't think that helped. What I remember doing is using SQL to go behind the scenes and change the date of the year. I was amazed that it was that simple.

Of course any attempt to change things via SQL is dangerous and NOT recommended (nor supported). Backup, backup, backup.

Kind regards,

Leslie

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zulfi721 on at

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but my question is still un answered......

what is meant by YTD and LTD

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soma 24,410 on at

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YTD Depreciation

Displays the amount of depreciation calculated for this asset book since the beginning of the fiscal year.

LTD Depreciation

Displays the amount of depreciation calculated for this asset book since the date the asset was placed in service. The amount in this field includes the year-to-date depreciation amount.

Hope this helps!!!

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zulfi721 on at

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Thx Soma...

do i have to manually calculate these figures and write over here.............

System will not calculate depreciation for me........

suppose if i assume that

Asset acquistion date:1-1-2014

Fisacl year end 31-12-2014

Asset cost =10,000/-

Depreciation rate=10%

Depreciation Method=Straight line...

useful life=10 years

Salvage value=nil

clearly my depreciation for this year will be 1,000/-

Book value of the asset would be 9,000/-at the year end

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L Vail 65,271 on at

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Sorry, I went down the path of why the error message popped up. I believe the answer to your question is that you have to enter the LTD depreciation yourself. The system will not go back and calculate it for you. It will calculate YTD, but not the beginning balance for LTD.

Kind regards,

Leslie

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zulfi721 on at

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suppose if i assume that

Asset acquistion date:1-1-2014

Fisacl year end 31-12-2014

Asset cost =10,000/-

Depreciation rate=10%

Depreciation Method=Straight line...

useful life=10 years

Salvage value=nil

clearly my depreciation for this year will be 1,000/-

Book value of the asset would be 9,000/-at the year end

Here

YTD=1000------------means depreciation from 1-1-2014...Fiscal year start

and

LTD=1000------------mean depreciation from acquistion date... i.e. 1-1-2014

Am i conceiving correctly.......

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