Fixed Assets - EBS (MOSC)

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Depreciation created in error - need to reverse.

edited Dec 10, 2013 3:20AM in Fixed Assets - EBS (MOSC) 2 commentsAnswered ✓
I had a customer add an asset and mistakenly depreciate the asset.
They did not mean to check the depreciate button.  They put it in service as dec-2012.  This means that there was many previous months of depreciation taken last month.

To Fix - what is the best solution?

I advised him to go into the particular asset - BOOKS.  Enter the  Accumulated depreciation amount into UNPLANNED DEPRECIATION.  This seems to handle the GL data as well.

Is that the correct path?

Thank you.

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