What is the GL Date set to when Creating an Asset
I created an asset on April 15th and entered an adjustment.
When posting to the GL, the GL date was set to April 1st.
I would have expected it to be April 15th
Is this normal?
When running depreciation on April 20th, the GL date for depreciation was April 20th.
This question stems from our finance system running on a 5-5-4 calendar and FA running on a Monthly calendar.
If this is the case, all assets will be created to the prior GL period as no period starts on the first of a month.