Hi all,
How to reverse a FA depreciation for an asset and bring the value back to as it was before (when bought as new?)
I believe the right way is to select all the depreciation FA ledger entries (except the purchase invoice line) and click on CANCEL ENTRIES. I am not sure whether I should give any posting date, so left it blank and it created FA GL entries with the same date of posting depreciation. I am trying this in the 2013 Chronus database.
When posting the journal, it gives an error "Document no XXX is out of balance by amount. Please check posting date , Document Type, Document no and amount are correct on each line".
The document type is blank and the posting dates are well in advance from Jan 2016 to Dec 2016..
Regards,
Cecil
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