How do I turn off the "catch up" depreciation functionality when migrating fixed assets that have multiple purchase dates?

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Posted on by Fred Christie

Fixed Assets Migration: I am porting FAs from a legacy accounting system that have multiple purchase dates but only one in service date using the straight line depreciation method. Because some of the asset was purchased after the in service date, the depreciation is less than if all of the asset was purchased initially. When I port to GP, the system tries to "catch up" the depreciation as if it was all placed in service at the initial in service date. I just want my net worth and depreciation values from the legacy system to remain untouched and only to depreciate the remaining value over the remaining life. Why can't I get this to work?

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