How to rollback journal entries when rollback of deprecation for an Assets automatically
Hi All,
I have created an Asset and the following are the details:
Assets cost: 1300
Salvage value-100
Periods-12
So depreciation -100
I have run the depreciation with out closing period checked.
So deprecation un der journal entry reserve ledger report gives correctly-100
I have run create Accounting -Assets program to create journal in GL.
It has created 2 categories -1.For additions
2.Depreciation
After reviewing ,went Asset workbench did 1 adjustment.Increased the value of Asset to 1400 from 1300
Re-run depreciation and it has calculated correctly-108.33
I ran create Accounting and jounral passed to GL
But the depreciation in the earlier time and now it is showing 2 times.I thought it will rollback the fist depreciation journal entry.