Fixed Asset Retirement - Adjust for Noncash entry on Cash Flow

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Posted on by AndyC721

Hi,

I am currently using Management Reporter to produce Statement of Cash Flows using the indirect method. Recently, our company wrote down some fixed assets (retired fully depreciated assets) with the following entry:

Accum. Depreciation $100k

Fixed Asset $100k

I am currently using account descriptions (i.e. "fixed assets" or "accumulated depreciation") to pull into Management Reporter. In the cash flow, I am pulling just the changes to the fixed asset account. Due to the entries above, this noncash transaction is showing up as a positive entry in my Cash Flow from Investing section. If I add Accumulated Depreciation to my row definitions, it also pulls the periodic entries into the report. Is there a way I can adjust the noncash accumulated depreciation for the asset retirement so my cash flow statements are correct? Hope this makes sense.

Not sure if this is relevant, but we do not use the Fixed Asset Module in Dynamics GP.

Thank you in advance.

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