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  • 1.  Fixed Asset Module

    Posted Jan 23, 2023 05:55 PM

    I have a question with regard to fixed assets, in the FA module.
    The items added to fixed assets were coded incorrectly and were posted on the FA GL posting but not in the GL. Can it be fixed or deleted?
    Please advise.



    Cinia Hernandez

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  • 2.  RE: Fixed Asset Module

    Posted Jan 24, 2023 07:30 AM
    Hi @Cinia Hernandez

    THEORETICALLY, you can alter the FA posting in the G/L and then post it, but I DO NOT RECOMMEND THAT.

    If it is, indeed, an FA Add that is wrong you may have to retire and re-add the asset to ensure that FA and GL stay reconciled.

    You would retire the incorrect assets at 100% and then re-add them and run FA Posting again.  This is assuming no Accum Depr or Depr has been run on the asset.

    However, you can always go ahead and post the FA TRx in GL and manually reclass as well, but you'd still want to fix the accounts in the Accounts area of the Fixed Assets so that they code correctly upon retirement and to ensure they are going to hit the right Accum Depr and Depr accounts when you process future FA Postings.

    You have a few options to choose from so it really is up to you how to proceed.  ​

    Jo deRuiter
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  • 3.  RE: Fixed Asset Module

    Posted Jan 24, 2023 07:34 AM
    Thanks for the prompt response, this helps a lot.
    Appreciate your time.

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