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In acquiring a fixed asset i used the prior period date, so i reversed and entered the current month. Now i cannot calculate depreciation. I get the error that there is no Accounting period within the filter.
Have you created accounting periods or the fiscal year you are posting in?
learn.microsoft.com/.../finance-accounting-periods-and-fiscal-years
Yes, thank you for the quick reply. I was able to calculate and post depreciation for all assets but the ones i reversed, so it must be related.
actually i am not able to calculate depreciation for any assets that i acquired in March 2023. I can calculate depreciation for assets acquired prior to March 2023. Under the error it says Filters: Starting Date: >=03/02/23. New Fiscal Year: Yes
This gets stranger, in calculating the assets acquired Feb 23 and before, the monthly depr expense for each asset increased exactly 25%. We use straight line/half year method
Under review
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