You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Is this possible to close the FA period without calculating depreciation for one day for a new asset

in Assets 5 comments

Hi Team,

India bookkeeping system FY starts from Apr ended in Mar.

Now we need to upload asset in Mar-24 with DPIS 31-Mar-24, but system should not calculate depreciation for one day that is 31-Mar-24.

Kindly confirm is there any possibility to stop system from calculating depreciation for one day? and it should calculate as Depreciation adjustment in the next period also.

As we are migrating data into a new ledger, and we have deadline to complete this before 31-Mar-25. Please provide a solution as soon as possible

Regards

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!