jimmymac
Reputable Poster
We are on E1 9.0 and have a major fixed assets issue. Accounting reported that the beginning balances for assets have changed from July to August. The beginning balances should never change after they are created at year end close. This has caused depreciation this month to be off and we have to get it corrected.
The issue we find is that someone ran Depreciation Projections which called the annual close program R12825 which updated the beginning balances in the FLAPYC field in the F1202.
The question is why and how to get it corrected. Never dove into the workings of Depreciation projections, so don't understand why it would be modifying the beg balances.
Reading the documentation it would seem we could re run the Asset Account Balance Close to recalculate the balances and need to do that quickly so that Accounting can close their period.
Any advice or thoughts on why Depreciation Projections would corrupt the beginning balances and how to correct it would be appreciated.
The issue we find is that someone ran Depreciation Projections which called the annual close program R12825 which updated the beginning balances in the FLAPYC field in the F1202.
The question is why and how to get it corrected. Never dove into the workings of Depreciation projections, so don't understand why it would be modifying the beg balances.
Reading the documentation it would seem we could re run the Asset Account Balance Close to recalculate the balances and need to do that quickly so that Accounting can close their period.
Any advice or thoughts on why Depreciation Projections would corrupt the beginning balances and how to correct it would be appreciated.