January 14, 2012

Is it possible to enter a Fixed Asset with $0 Acquisition Cost and Accumulated Depreciation?

A client needed to enter an Audit Adjustment as an 'Asset' in the FA module with zero cost but including depreciation so the FA subledger would tie to the GL.  Here's how we did it:

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Enter $0.00 in the Acquisition Cost field in the Asset General window.

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Then, in the Asset Book window change the Depreciated to Date field to the appropriate date, change the Cost Basis equal to the amount of LTD Depreciation you need, then change the LTD Depreciation field to the amount of accumulated depreciation to match the Cost Basis.  Make sure that after you've done all this that the Remaining Years, Days is all zeroes or the asset will continue to be depreciated until the end of its life.

January 8, 2012

Convergence 2012 Early Registration Ends in 17 Days

If you plan on attending Convergence 2012 in Houston, TX this year, register now at discounted rates!  Click on the image below to register.