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Fixed Assets GL Posting - Credits offset Debits

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Posted on by Community Member Microsoft Employee

We have tracked our fixed assets in GP, but have not posted depreciation up until this month. I found that several fixed assets had accumulated depreciation and depreciation expense set to post to incorrect GL accounts. I identified the fixed assets and changed the GL accounts to the appropriate accounts using Account Group ID's. When I went to calculate depreciation, the accounts did not change. I chose one asset and reversed depreciation back to the date added. When I recalculated depreciation and built the batch (GL Posting), the accounts changed, but there are debits offsetting credits (and vice versa) for the accumulated depreciation and depreciation expense. The end result is accumulated depreciation and depreciation expense have zero balances.

Has anyone seen this before? Does anyone have a solution?

Thanks,

John

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