Integration of Fixed Assets (more than one question)

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Posted on by Michelish

Hello,

Does anyone know the best way to add a fixed asset that has been being depreciated already? I am implementing a new client from GP and want to make sure I put the correct information in.

I will be creating beginning entries for what has already been depreciated so the financials are correct. I'm mostly concerned about the Depreciation Book because they want BC to auto calculate the depreciation. Has anyone ever integrated an asset in this way?

Do I use the no of depr years for what is left or the full amount of years? Do i use the next depr date in the start date or use the original date the depr started? Should the book value be what is left to depreciate? (i guess this is going to depend on the answers to the previous questions)

Thank you!

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Dallefeld 235 User Group Leader on at

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I recommend that you bring in your acquisition date, start depreciation date and full life. At your conversion date, you import acquisition cost and balance to GL. Then import accumulated depreciation and balance to GL. The first calculation of depreciation you do in BC will adjust A/D to how BC thinks it should be but this is better than having to find all the differences and make manual adjustments to bring BC back to book balances.

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