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Catch up depreciation for converted assets in Cloud

in Assets 1 comment

Summary:

We are converting assets from JDE to Cloud. The client is moving away from yearly mode of running depreciation in JDE to monthly in Cloud.

We are converting assets with Amortize Flag as No. The fiscal year runs from Oct-Sep.

In P3 conversion cycle, the client didnt run depreciation for the assetsin JDE .

We converted the asset balances as of FY 24 , in Oct-2024 for FY25 ,to Cloud,with YTD as zero.

In Cloud, when we ran the depreciation,we were expecting catch up depreciation to be calculated in Oct-2024 for the converted assets.

The system calculated the monthly depreciation for Oct-2024 period.

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