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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Running Depreciation t...
Microsoft Dynamics GP (Archived)

Running Depreciation twice for one Month

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Posted on by Community Member

 I Have two Questions

1).If i run Depreciation twice for one particular month,will the depreciation and other Fixed asset related entries would pass to GL twice?will there be duplicate entries?

2).I have transferred some fixed assets where the physical location ID and related accounts are  changed as per new Location.i want to know whether the system would pass the entries to GL for removing the cost & Accumulated Depreciation from old accounts and  transferring them to new account?

I just started to use GP.So if any could answer my  questions it would be very helpful for me.

Note-i am using GP 10.0

Thank You.

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  • Suggested answer
    Redbeard Profile Picture
    Redbeard 12,931 on at

    Shiran,

    If you run Depreciation twice for the same period, no additional depreciation will be created, unless you've added an asset after running depreciation. The GL Interface is a separate process run after depreciation process, which will interface all financial transactions related to assets during the period.

    Since you are on Dynamics GP 2010, you cannot easily reverse depreciation, which can only be reversed one asset at a time on earlier version of Dynamics GP. If you have few assets, or want to undertake this despite having more than a few, I would recommend doing this before changing the accounts related to assets (it sounded like you might have done this already, and if this is the case, I would recommend changing them these posting accounts back to the original accounts).

    I would also recommend modeling this in a test company. A test company can be created by making a copy of your live company. Here is a link to a Knowledge Base article on creating a test company.

    support.microsoft.com/.../871973

  • Suggested answer
    Community Member Profile Picture
    Community Member on at

    Harry,

    Thank you for taking your valuable time to answer my question its very useful.Actually in my company there are inter companies but  in GP 10.0 inter company transfer is not available,So i want to make sure if i transfer a asset to a inter company(Where physical location ID & related accounts will be changed)will the cost & Accumulated Depreciation would be transferred to the new accounts through the system?(Eg Crediting cost A/C in previous inter Co & Debiting the Cost A/C in new inter Co)or should i need to pass the entries manually?I have done mass change for some assets where i changed the related Accounts but in that case system didn't transfer the cost & Accumulated depreciation for the new accounts, that is why i wont to make sure  will this be the case with transfers also.

  • Suggested answer
    Redbeard Profile Picture
    Redbeard 12,931 on at

    Shiran,

    There are numerous options for transfers, which effect the behavior of the process.

    I would recommend testing the transfer process prior to implementing it in your live system. To make sure your selected options have the effect you desire.

    Changing accounts assigned to Assets will not change the history of transactions previously posted. Additionally, if the accounts are changed, and then an asset is modified, I think it might further complicate your life, as Dynamics GP would use the current settings and not the past settings for posting, which means you wouldn't be reversing/adjusting the historical account. This is why I recommended reversing any changes you made to Fixed Asset Accounts.

  • Community Member Profile Picture
    Community Member on at

    Harry,

    Thank you.

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