Change asset entry date .

RiyadBaker

Hi all.
I have question regarding the fixed assest module .

I have asset which is post on wrongly on 01/01/2008 ,depreciation done for this asset across five period .
Now is possible to change the entry date to 31/12/2007 instead of 01/01/2008.

Please Advise .

ssingla

Can you provide the following information:
a) Is FA depreciation book integrated with G/L.
b) Which option you used for booking acquisition cost of FA i.e. whether Purchase Invoice or Journals.
c) Is the financial year closed.

RiyadBaker

Thanks for your prompt reply .
Here is the answers in []
a) Is FA depreciation book integrated with G/L.
[Yes]
b) Which option you used for booking acquisition cost of FA i.e. whether Purchase Invoice or Journals.
[Purchase Invoice]
c) Is the financial year closed.
[Yes its closed for 2007]

ssingla

You need to do the following :
a) Reverse the Depreciation entry.
b) Post a credit memo for the FA on 010108.
c) Create a new fixed asset card.
d) Re-post the transaction with the new FA card on 311207

You can also use the same FA card but I would recommend to use a new FA card.

RiyadBaker

ssingla...Thanks Indeed .

poststation

Do we have any quick way instead of reverse all the depreciation entries? thanks

ssingla

AFAIK "No"