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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Reverse depreciation q...
Finance | Project Operations, Human Resources, ...
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Reverse depreciation question

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Posted on by Community Member Microsoft Employee

Trying to figure out reverse depreciation.. ie  I need to fix/reverse depreciation for say Oct 2020, entire month.   The depreciation was done, posted to GL.   Now today(2021), I want to reverse it and fix it.   I assume I would choose reverse depreciation date of 9/30/2020 and reverse it.   But how would I fix the GL portion for that posted period ?  I found this where it talks about reversing but not the original GL associated with that period.

www.calszone.com/.../How-to-Fix-Assets.pdf

Option 2: She can reverse the depreciation and then fix the assets that were wrong and then depreciate all over again, and create the batch to post to the GL

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Microsoft Dynamics GP
  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Reverse depreciation question

    1 - No, FA 2020 is not closed yet.  Since Oct there has been  2 more depreciations.  So I pull the detail of the asset and I do see an Oct depreciation and 2 reversed entries I tested with.  

    2 - GL Fiscal is not closed

  • Suggested answer
    agaber Profile Picture
    agaber on at
    RE: Reverse depreciation question

    Hello Michael-

    Thank you for posting your question on the Forums.  A couple of things to consider before advising any further as a support case may be needed here.  

    1. Have you closed the FA 2020 year yet?  If so, has there been any activity in FA since?  

    2. Is the GL 2020 fiscal year(to include 9/30/2020) closed yet?  

    Adam G.

    Microsoft Dynamics Support

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