Period Mass Copy - Potential timing disconnect when accounting for transfers?
Our tax books tend to be behind a few periods in comparison to our corporate books. I find that asset transfers and the change in the depreciation expense coding get updated the next time a periodic mass copy takes place. (I know that the tax book depreciation coding doesn't truly get reflected in the GL. However, it would be helpful, for reconciliation purposes, if the book depreciation & tax depreciation remained in sync.)
For example, our corporate books were open for August, while our tax books were open for May. On the corporate books, an asset was transfered from Expense Account 1234 to Expense Account 4321 with an effective date of August 1. However, when we periodic mass copied the corporate books to the tax books, the tax book reflected the new Expense Account in May.