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The date placed in service is different than the AP invoice date, but DPIS is defaulted FA

edited Apr 23, 2025 10:01AM in Assets 1 comment

The date placed in service (DPIS) is different than the AP invoice date, but DPIS is defaulted from the FA current open period.

e.g., the AP PO base asset invoice date is 01-Nov-24, and the FA period is Oct-24, so the DPIS will be 31-Oct-2024. Now Current FA open period is Mar-25

While run create accounting assets in Oct-24 Cost DR to clear CR.

While run create accounting procurement in Nov-24 Clearing CR to inventory DR.

How to reconcile those transactions. Is there any workaround?

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