Fixed Asset - enable GL integration after posting depreciation

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Posted on by Samantha73

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Hi All,

If we posted depreciation accidentally before turning on GL integration for the fixed asset book, is there any way to reverse or correct it or as system will not calculated depreciation for the same month and now the FA ledger is not aligned with GL?

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Dirk on at

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Hello Samantha,

I think you correct such a situation in two different ways.

a.
With the G/L Integration turned off you can use the "Cancel Entries" function for the depreciation entries which have been registered mistakenly.
You will find new lines the FA Journal and can post these lines.
The wrong FA Ledger Entries will be changed into "FA Error Ledger Entries" and by doing this these entries don't appear anymore for the user and do not have an impact anymore on future depreciation calculations, including the period for whcih you "canceled" the entries

b.
You can directly post to the G/L Accounts and then turn on "G/L Integration" for next period.

I hope this helps
Thanks

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