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NSC| FAM > Possible Causes why the Asset/s Did Not Depreciate

edited Aug 31, 2022 5:25PM in Accounting / ERP

Here are some of the reasons why Assets did not depreciate.

The subsidiary set on the Asset Record may be set to Inactive.

To resolve this, set the Subsidiary Record to Active.

Set Up > Company > Subsidiaries

Click Edit on the Subsidiary Record

Remove the tick mark on Subsidiary is Inactive

Click Save

Values on the Asset Record may have been edited but the Reset Asset Values was not triggered

Edit the Asset Record and update all the necessary fields

On the General Tab, set the Depreciation Active field to False

Click on Save

Navigate to Fixed Assets > Setup > System Setup


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Micah Timbol | Basic and Advanced Accounting Guru

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