Microsoft Idea

145

While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.

JAGADISH BABU on 7/21/2023 9:23:23 AM

When the asset is terminated at the end of lease period, the accumulated depreciation value left in the account is not being reversed. And the value is being carry word to every year.

Hence user is manually posting an adjustment entry to Knock off the value present under the accumulated depreciation account.

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Comments

RE: While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.

Helen Olsson on 12/19/2024 8:15:28 AM

Not ok that we have to book on balance accounts manually. The same when you change costcenter on a lease, you have to make a manual booking for the balances

Category: Asset Leasing

RE: While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.

Mikael Larsson on 12/10/2024 12:21:07 PM

Fully support the change proposal.

Category: Asset Leasing

RE: While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.

Madi Olsen on 7/17/2024 5:20:44 PM

I fully support this issue. We have experienced similar challenges, and resolving this would greatly enhance our workflow and efficiency. This feature is crucial for our operations, and I hope it is prioritized in future updates.

Category: Asset Leasing

RE: While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.

Klaus Mussauer on 4/10/2024 1:27:09 PM

Must be fixed by Microsoft from our point of view ASAP, because it is a required standard functionality for a leased asset.

Category: Asset Leasing

RE: While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.

Mari Hart on 11/2/2023 2:51:49 PM

done

Category: Asset Leasing

RE: While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.

Leslie Camino on 11/2/2023 2:26:13 PM

Done

Category: Asset Leasing

RE: While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.

Andrzej Miozga on 10/24/2023 8:28:29 AM

Do this

Category: Asset Leasing

RE: While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.

Oscar Avelino on 10/16/2023 1:55:06 PM

Done.

Category: Asset Leasing

RE: While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.

Oscar Salgado on 10/16/2023 1:25:36 PM

Done.

Category: Asset Leasing