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NSC | Fixed Asset Management Report > Total Depreciation is incorrect

edited Jan 10, 2024 8:03PM in Accounting / ERP

If you are running a FAM report and the total depreciation for the mid-life asset/s is incorrect, this may be because there are no Depreciation History records that were created or imported for the/those asset/s.

Remember:

  1. The amounts generated in the FAM reports are based on the Depreciation History records of the Fixed Asset
  2. To resolve this, import the DHRs. You can refer to SA 102972 Importing Asset Depreciation History Record for the guidelines.

Are there any other instances where the Total Depreciation is incorrect and the reason mentioned above is not the cause? Share with us how you resolved it.

Micah Patricia Timbol | Basic and Advanced Accounting, OTC Guru

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