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Fixed Asset Service Date vs Acquisition Date

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Posted on by Community Member Microsoft Employee

We purchased a vacuum last fiscal year and entered it as placed in service 6/30/16 (our fiscal year end). It was included in our FY16 reports as an addition.

For some reason the acquisition date was entered as 7/14/16 (new fiscal year), so it is showing as an addition in our FY17 reports. To fix this problem should I just change the acquisition date to 6/30/16? Will it cause any problems with FY16 reports?

We use GP2013

Thanks

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L Vail 65,271 on at

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RE: Fixed Asset Service Date vs Acquisition Date

Have you depreciated the asset? Have you considered just removing it and re-entering it with correct dates? That may have been exactly what you said, but I would for sure pick the easiest method available

Kind regards,

Leslie