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Unable to run the Asset Depreciation & Generate Depreciation Schedule

in Ask A Guru 13 comments

Installed bundle ID: 551966

When executing Generate Depreciation Schedule and Asset Depreciation, no records or journals were created. Upon checking the FAM Process Status, both are showing Not Required.

I attempted both methods:

  • Manually creating assets
  • Creating assets via journal entry → Asset Proposal

In both cases, the assets are unable to generate schedules or depreciation.

Is there any configuration or setup I might be missing? Please advise.

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