Fresh Start Accounting

voldemort

Member
With my parent company emerging from bankruptcy, I need to update the cost of each fixed asset to equal the net book value and remove the accumulated depreciation. Also, the asset lives will need to equal their remaining life. I have approximately 49,000 assets that will be impacted by this. Has anyone ever done this with JDE?
 
andy, I don't envy your task. You will need to dispose of each asset ( using mass disposal functions) and create new assets. You can create the new asset masters by exporting the existing information into excel or access, make the changes and then add the new records to the F1201. You can do the same with you asset values. If it is not necessary to track each of your 49,000 assets, you could consolidate some of the like assets and reduce that number. this can be done by using the quantity field.

voldemort <[email protected]> wrote:With my parent company emerging from bankruptcy, I need to update the cost of each fixed asset to equal the net book value and remove the accumulated depreciation. Also, the asset lives will need to equal their remaining life. I have approximately 49,000 assets that will be impacted by this. Has anyone ever done this with JDE?
XE, SP21, Windows 2000
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