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I am new to GP and the person doing GP fixed assets before me didn't do it correctly. The assets have been entered correctly however there are assets that don't show any depreciation from 2014. Can someone please let me know the easiest way to fix all the assets going back 6 years. Is there something you need to do monthly to post depreciation or is it automatically calculated and posted. I would use excel to track depreciation and fixed assets the program before.
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I would like to just catch up on this years schedule.
Hi,
Thank you for your response. What do you want to do about the previous year's' depreciation? Are you looking at changing your posted financial statements, or do you want to catch up using a current year a/p schedule.
Kind regards ,
Leslie
Others weren't depreciated either. I think he just journaled 3k a month even every month
2010
Hi,
What year is the Fixed Asset book? If you go to Financial | Routines | Fixed Assets | Year End, the available books on the left hand side have a year listed with them. What is that year? I'm trying to figure out whether the Asset Book was closed - it will make a difference if you want to 'catch up' your depreciation and put it in the correct year.
Kind regards,
Leslie
There is a depreciation process you need to run that's found under Routines. It's interesting that some assets were not depreciated while others were. By default the Depreciation process will pick up all assets unless a group of assets was set up and used instead.
Once the depreciation process is ran, the GL Posting routine then needs to be run where the depreciation will then be booked to the GL. If you don't want the GL hit, you could potentially just delete the GL batch that is created.
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