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Fixed Asset - Forgot to close the year and run depreciation for new year

Rauf

VIP Member
One user did not do year close for December 2017 and calculated depreciation for January 2018 and posted.
When I checked the Fixed Asset Balance file (F1202), it inserted record for 2018 with balance up to November 2017.

Now, what are the procedure to fix the balance for 2018.

As I'm new to Fixed Asset module, in my understanding, I have to do the following:-
1. Run year close for 2017.
2. Re post Fixed Asset accounts

Am I in the right track ? or ... ?
 
Last edited:

BETOGUS50

Member
hi



It is correct, the steps1st Run the year 20172- post everything.3- Close the year-end 2017 fiscal year in fixed assets, so that you can transfer the balances4- After making the amortization again for the year 2018, you should recalculate again and make a seat, to normalize the balance, for the year 2018
It is correct, the steps1st Run the year 20172- post everything.3- Close the year-end 2017 fiscal year in fixed assets, so that you can transfer the balances4- After making the amortization again for the year 2018, you should recalculate again and make a seat, to normalize the balance, for the year 2018
 
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