We have completed the implementation of our fixed asset module at the beginning of Q1 this year and began using it in the live environment as of beginning Q2.
We are finding that using accruals in the fixed asset module has been quiet onorerous and has actually delayed our month end proceedings.
The inability to enter negative assets into the module has made the reversing of accruals in the fixed asset module a timely endeavour as we have to constantly go back line by line to analyze what has happened to that accrual and make an adjustment, or delete the asset.
I am writing this to ask the community how they deal with accruals within the fixed asset module ?
We are an O&G services company withover 1000 lines of assets in the module. You can imagine the volume of transactions we experience on a monthly basis.
Thanks for your input.
TK
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