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Microsoft Dynamics GP (Archived)

Has Anyone Used the Directions to Reverse Depreciation ?

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Posted on by Community Member Microsoft Employee

I successfully used the directions in https://support.microsoft.com/en-us/kb/866024, but I do not understand the final part. I am new to Dynamics and need to make sure that even though I reversed the Depreciation for one month (JUne 2015) that since the month is closed I need the batch to JULY 2015. So I do not get this section:

 When the General Ledger Interface is run for these transactions, the reversing entries will be put in a batch in General Ledger to post. Where is that ?

Thank you very much !

Matt

*This post is locked for comments

  • Mahmoud Saadi Profile Picture
    Mahmoud Saadi 32,738 on at
    RE: Has Anyone Used the Directions to Reverse Depreciation ?

    I have run depreciation for thousands of assets around 8000 + in several environment without encountering such issues, neither spending such long time.

    I can clearly see that your process included assets added during the same period of time (July). FAADD indicates asset addition, FADEP indicates depreciation documents.

    Is it possible to restore the most recent backup just before running the "reverse depreciation process" ? If not, you will have to proceed with reconciling your assets with your general ledger. To do so, consider the following:

    - Open Smartlists > Fixed Asset book

    - Add the columns YTD, LTD and Asset class

    - Export the smartlist to Excel, and create a pivot table to get the total LTD, YTD for each asset class.

    - These values should be matched with the general ledger account summary as of today

    Your feedback is highly appreciated,

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Has Anyone Used the Directions to Reverse Depreciation ?

    The Assets Page is roughly 35 pages (3,100+ Assets). So we have ALOT !

    I printed the FA POSTING TO GENERAL LEDGER and it's 5 pages long. I see multiple assets from the FA SOURCE DOC. of FADEP in the beginning. The one asset that I was concerned about is the only asset that has multiple transactions from:

    FAADD         46,868.08 & (46,868.08)

    FADEP               784.25 & (784.25)

    FADEP-O           (784.25) & 784.25

    Thoughts ? Something wrong ?

  • Mahmoud Saadi Profile Picture
    Mahmoud Saadi 32,738 on at
    RE: Has Anyone Used the Directions to Reverse Depreciation ?

    Apparently, there is a specific incorrect pattern in your FA data which causes such a delay in calculation and posting. How many assets do you have ?

    For now, I would propose a work around solution to get you out of this, this is primarily creating a manual journal entry on the GL level taking into consideration the amounts and accounts considered in the original depreciation journal. Is this possible ?

    Your feedback is highly appreciated,

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Has Anyone Used the Directions to Reverse Depreciation ?

    MAHMOUD !!! It seems like it just took all day to finally finish. I may still be in luck.

    Now if I look Financial -->Batches --. and I click the Search, I can see the batch called FATRX, but it has no transactions. Did I do something wrong or miss a step ?

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Has Anyone Used the Directions to Reverse Depreciation ?

    Now a new issue. It is taking forever to run the process. The Process Manager seems to be hung up. When I click on >Fixed Assets: GL POSTING(1) all I can do is Redisplay, Suspend And Detail. 

    Where do I go from here ?

    Sorry to be a pain. You have been really helpful

  • Verified answer
    Mahmoud Saadi Profile Picture
    Mahmoud Saadi 32,738 on at
    RE: Has Anyone Used the Directions to Reverse Depreciation ?

    As you process the batch from the fixed asset module, and then click post, it will create an unposted journal in the General Ledger module.

    Then, you will have to check the journal from the General Ledger module, and post it accordingly.

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Has Anyone Used the Directions to Reverse Depreciation ?

    I don't understand. If I use the detail above, and hit continue is says that I am making a FATRX Batch. Then I can go into the GL Postings page and see it in order to verify that it will be posted into JULY 2015 and not JUNE 2015 ?

  • Mahmoud Saadi Profile Picture
    Mahmoud Saadi 32,738 on at
    RE: Has Anyone Used the Directions to Reverse Depreciation ?

    Once this batch is processes and posted to General Ledger, you will never be able to re-process it from the Fixed Asset module. It will be saved in GL and you may check and post it accordingly. Now if your original depreciation has been processed and posted to GL, the reversing journal should be processed and posted to GL as well.

    In further versions of Dynamics GP, this window is extended to show the journal before being posted to GL.

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Has Anyone Used the Directions to Reverse Depreciation ?

    So Like this to post to July 2015 ?

    Beginning Period: 2015-006

    Ending Period:      2015-006

    Transaction Date:  7/1/2015

    Comment: REVERSING DEPRECIATION

     

    Then:  Continue ? Progress ? 

    Which one ill verify that I am doing it correct ? 

     

    Then, is https://support.microsoft.com/en-us/kb/865723 the best way to delete an Asset out of Fixed Assets ?

  • Suggested answer
    Mahmoud Saadi Profile Picture
    Mahmoud Saadi 32,738 on at
    RE: Has Anyone Used the Directions to Reverse Depreciation ?

    The reversing depreciation occurs in June in the Fixed Asset module, therefore, include the following range:

    2015006 to 2015006  (which limit the range to June 2015)

    There is a field for a transaction date in this window, this will be the GL Posting date as you click on process.

    Let me know if you need any further assistance,

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