Re: Fixed Assets - Dep'n & 13th period

kobuss

Member
Re: Fixed Assets - Dep\'n & 13th period

HI
Have a look at your date paterns on the fixed asset and G/L side and if it
has been set to the correct date.

also

Have a look if the assets has been posted from the unposted asset section
to the cost of the fixed asset .....and run an integrity report between the
G/L and F/A register ...comare any discrepancies to the unposted fixed
assets .....please let me know what happend.......

Regards Kobus Snyman
SA Bank Note Company
e mail [email protected]. za







"Sweeney, Lori"
<[email protected] To: "'JDE World List'"
dro.com> <[email protected]>
Sent by: cc:
[email protected] Subject: Fixed Assets -
delist.com Dep'n & 13th period


02/14/01 04:18 PM
Please respond to
jdeworld






I am hoping someone can help me....

We use 13 periods - Dec 31 being the 13th period for adjusments. Our fiscal
date patterns are setup with normal number of periods as 12 - to
accommodate
proper dep'n calculation.
We have posted a lot of journal entries to fixed asset accounts in the G/L
dated 12/31/00. Most of these assets will be setup in the Fixed Asset
system
with acquisition dates / dep'n start dates throughout 2000. The problem
seems to be that even though the acquisition date may be Nov 1, when trying
to run dep'n up to the 12th period, no dep'n is taken on these assets that
were dated 12/31/00 in the G/L. If we run dep'n through 13 periods, it then
takes an extra period of dep'n which we don't want.
If we post journals dated 12/30/00 into the 12th period, everything seems
to
work fine. We would prefer not to change all of our journals and re-open
the
12th period however, as we have already prepared our Dec preliminary
reporting.

Does anyone know of a way around this? I can provide more detail if
needed....


Thanks!
Lori Sweeney
London Hydro



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Re: Fixed Assets - Dep\'n & 13th period

Lori:

Depending on the volume, you could change the data selection on your dep. calc.
dream writer to limit the calc to the new assets only and run for period 13. I
personally don't see the advantage of period 13 as an adjustment period (that's
another issue). You could also copy for per. 13 JE's, post copies in period 12,
and void period 13 entries. Than re-run period 12 dep., it will calc only the
new assets.

I am copying you Lori, as although I receive JDELIST posting, I cannot post
messages to it. Something about the way our Lotus Notes address our e-mail.

Peter Davis
Business Analyst
NF Hydro




"Sweeney, Lori" <[email protected]> on 14-02-2001 10:48:02 AM

Please respond to [email protected]

To: "'JDE World List'" <[email protected]>
cc: (bcc: Peter Davis/NLHydro)
Subject: Fixed Assets - Dep'n & 13th period



I am hoping someone can help me....

We use 13 periods - Dec 31 being the 13th period for adjusments. Our fiscal
date patterns are setup with normal number of periods as 12 - to accommodate
proper dep'n calculation.
We have posted a lot of journal entries to fixed asset accounts in the G/L
dated 12/31/00. Most of these assets will be setup in the Fixed Asset system
with acquisition dates / dep'n start dates throughout 2000. The problem
seems to be that even though the acquisition date may be Nov 1, when trying
to run dep'n up to the 12th period, no dep'n is taken on these assets that
were dated 12/31/00 in the G/L. If we run dep'n through 13 periods, it then
takes an extra period of dep'n which we don't want.
If we post journals dated 12/30/00 into the 12th period, everything seems to
work fine. We would prefer not to change all of our journals and re-open the
12th period however, as we have already prepared our Dec preliminary
reporting.

Does anyone know of a way around this? I can provide more detail if
needed....


Thanks!
Lori Sweeney
London Hydro



*************************************************************
This is the JDEList World Mailing List.
Archives and information on how to SUBSCRIBE, and
UNSUBSCRIBE can be found at http://www.JDELIST.com
*************************************************************
 
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