Retirement Asset Account needs to be changed
Hi All,
Can someone help me on this.
Whenever they are retiring an asset its going to account XXXX, and they are unable to edit the account of the asset at the time if retiring.
Then, the GL Manager level user has to manually post to clear the account XXXX and post the same value to another account YYYY.
So they have asked us to change the account from XXXX to YYYY in the Asset Retirement system.
I have changed the accout to YYYY from XXXX by going to Fixed Assets Responsibility >> Setup >> Asset System >> Book Controls >> Natural Accounts Tab >> Changed the value of Gain and Loss accounts to YYYY for 'Net Book Value Retired' and 'Reval Reserve Retired'.