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Mistakenly amortized an adjustment on a prior period asset - need to adjust and if possible make it — Cloud Customer Connect
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Mistakenly amortized an adjustment on a prior period asset - need to adjust and if possible make it

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edited Jun 25, 2020 1:08PM in Assets 1 comment

Summary

Change the adjustment from amortized type to expensed

Content

Hi,

 

An asset existed in the system from a prior period (May). In the month of June, client added a payable source line as a cost adjustment to this existing asset and mistakenly enabled the amortization check box. We need to be able to flip that adjustment to expensed adjustment.

 

We tried to adjust the asset but the "Amortize" checkbox seems to be dimmed/inactive and doesn't allow us to disable the checkbox.

 

Would appreciate the resolution or workaround in this case from the community.

 

Thanks!

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