Fixed asset depreciation creates depreciation adjustment

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Posted on by Samkh

Hi,

When I run the depreciation proposal, the system is creating one journal with zero value for depreciation, and another journal with a value with type of depreciation adjustment. What can be causing this to occur?

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Financial Management

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Ludwig Reinhard Microsoft Employee on at

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RE: Fixed asset depreciation creates depreciation adjustment

Hello Sam,

Can you share you asset configuration especially what has been setup for your fixed asset books?

Do you post them all on one posting layer or multiple?

Do you have the books configured for depreciation?

Some screenprints that illustrate your fixed asset setup and the journals created would help.

Many thanks and best regards,

Ludwig
Ties Philippi 960 on at

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RE: Fixed asset depreciation creates depreciation adjustment

Could you give us insights on the imported dates, my assumption is that there is something wrong with the imported dates, or that the dates have been altered after import?
Samkh 4 on at

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RE: Fixed asset depreciation creates depreciation adjustment

Hi,

Those are first time imported assets as acquisitions journals

The asset book information were imported as well

does this give any hint?

Thanks

Sam
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Ties Philippi 960 on at

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RE: Fixed asset depreciation creates depreciation adjustment

Hi Sam,

In general this happens when an adjustment has been made to either the value of the asset or when something has been changed to the depreciation periods in the asset book.

Has any of the above occured in your environment?

Best regards,

Ties Philippi