Fixed Assets import not producing correct depreciation

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Posted on by Community Member

Hi All,

I have imported Fixed Assets successfully using the import layouts.
I have an issue where the Depreciation Begin Date is showing one day before the Aquistion Date. I have just checked in Fabrikam and it appears to do the same. Is this correct as this is a field the program creates.

Also, the Remaining Days is out by 2 -3 days.

I have used a Depreciated to Date of 31st January 2013, which is the date the last depreciation was run in the old system. The next month's depreciation does not match the clients calculation.

This is a test system at this stage but I need to import to live shortly.

I hope someone can set me straight on these issues.

Regards,

Geoff James

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Community Member on at

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RE: Fixed Assets import not producing correct depreciation

Hi Frank,

Thank you for your reply.

I am not sure what you mean by your question, however, the Placed in Service Date has been imported as the date the asset was capitalised. E.G. Nov 30 2012, in the format 301112 (Australian date format).

The Depreciation Begin Date which the system calculates is for Nov 29 2012.

I thought this maybe causing the difference but it appears not to be the case.

I have just spoken with the client and they now accept the calculation may well differ as GP is using Original Life Years and Days where there last system was using a rate percentage to 2 decimals places.

Regards,

Geoff James
Frank Hamelly | MVP... 46,321 Super User 2025 Season 1 on at

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RE: Fixed Assets import not producing correct depreciation

What does the Placed in Service Date indicate?