After posting the depreciation for a fixed asset the values in the fields 'Date when depreciation was last run' and 'Depreciation periods remaining' are getting updated in the Asset Books. But when this depreciation transaction is reversed, these 2 fields are not getting back the original values. They are showing the same values what they show before the reversal. These values are used when we run the depreciation next time and this will lead to wrong calculations. Please automatically update these 2 fields when the depreciation transaction is reversed.
Comments
Yes this is an issue while we use Fixed asset journal and retrieve the posted depreciation transaction to reverse the system. The system does not update the fields instead just post the reversal only to the GL without updating the asset book record.
This is particularly a challenge for clients to deal against posted depreciation to be reversed for 1000's of asset at one time.
Please fix this !
Category: Fixed assets
This is an issue with the current design and needs an fix.
Category: Fixed assets
Administrator on 3/25/2021 8:41:53 PM
Glad to share with you the Date when depreciation was last run and depreciation periods remaining are updated in case of reversing depreciation transaction.
Mohamed Aamer, PM,
Microsoft.