Depreciation created in error - need to reverse.
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.
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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