Hi:
I could not figure out a way to reverse a previously calculated monthly depreciation for January.
I accessed FA Ledger Entries, selected all depreciation entries for January, and chose Process...Reverse Transaction.
But, the next window that appeared did not show me that it was reversing all entries. It showed only three records.
So, I decided to select all records again but instead choose Process...Cancel Entries.
Then, I posted the resulting journal lines. Of course, it did not provide Accumulated Depreciation in this Fixed Asset G/L Journal or in the "Bal. Account No." column So, I had to use Edit in Excel to publish the records in the journal with an offsetting balance account.
I have two questions. When choosing "Select More" in FA Ledger Entries, why would it not reverse for all? Why did I have to choose "Cancel", instead? And, is cancel as good as reverse? Did it reverse Accumulated Depreciation for January as well as Depreciation?
If it would have run Reverse without issue, I would not be posting these questions. :)
John
