depreciation after disposed of FA

somanagoudar

We disposed off FA 140, but due to overlooking we forgot the calculate the depreciation on the same, since asset was acquired in current fiscal only.

The sale entry has already been posted. Now we have to reverse the sale entry and pass it again with all due effects.

Let me know how do we do this transaction. in navision 2009 sp1

ManjunathMangond

The disposed entries can be canceled by using the cancel entries in the FA ledger Entry form.

To do this,
1. In the FA ledger entry finds the sales invoice & navigates the entry.

2. After the navigate screen show the related tables where the entries have been posted, go to FA ledger entry & click on show.

3. After this you will see the entire FA ledger entries like with posting type as Proceeds on Disposal, Gain/Loss, Acquisition Cost, and Depreciation.

4. Select the Proceeds on Disposal posting type entry & under function menu click cancel entries, you will receive a message that the entries have been transferred to FA G/L journal.

5. Go to FA G/L journal there you will only see one entry, here enter the bal account type as gl account & the bal account no.
(I.e. any expense account for temp use) and remove value in the bal. gen. posting type, bal. gen. prod. Posting group, bal. gen. bus. Posting group and post the entry.

6. After the entry has been posted you need to manually post a reverse entry to nullify the temp expense account (i.e. Dr the temp expense account & Cr the customer account that was selected at the time of posting the sales invoice for FA).

After this check your FA card & you will see that there is no check mark in disposed and more if you drill down in the book value the entries related to disposal have been moved to error ledger entries.