Fixed Assets beginning balances corrupted

[jimmymac]

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.

 

[ssolberg]

I would rerun the Annual FA Close for the year affected. That should put things back in order. We had a similar issue that we recently figured out that they were running the Annual Close early in Jan for a company but had not yet run Depreciation for Dec of previous year. So now the new calculations for depreciation for the current year were off. They didn't notice this until July. Once we figured out that they didn't rerun the FA Close for 2012 for that company (after they ran Depr for Dec), we closed 2012 again and Depreciation for August made the proper adjustment and things got back in line going forward.

I've not heard about Projections being the cause of a problem but we also haven't dealt with them. Sorry.