Changing Account Generator Default - How to correct existing assets?
The Account Generator Default for one of our Corporate Books was initially setup with the wrong location# within the G/L string. The error wasn't realized until after legacy assets were loaded, and depreciation generated & posted to the G/L. As a result, the Depreciation entry is crediting the wrong Depreciation Reserve Account string (incorrect location segment).
It appears that, even if we change the Acct Generator Default, it will not have an impact on existing assets. Only new additions will be posted to the correct Depreciation Reserve Acct string.
What is the best way to 'fix' the coding for the existing assets? One suggestion was to perform a Mass Transfer to a 'wrong' location...and then Transfer the assets back in order to trigger a reset of the default Acct Generator for those assets. Is that theory correct, and is it the best approach? The expense and asset coding is fine, we upload via ADI. It appears that only the