Description of Issue
- Asset is not depreciating
- No results returned in Depreciate Assets when defining for valid, Active assets
Context
Fixed/Capital Assets
Cause
Current book value was set to zero, so the system didn't think there was anything to depreciate on the asset
Resolution
Use an Adjustment transaction to correct the current book value
Additional Information
- The current book value of an asset will automatically be adjusted as transactions are made throughout the life of the asset. Modifying the current book value outside of those normal transactions has the potential to cause reconciliation issues. If you're unsure as to whether or not that field should be updated, please contact Munis Financial Equipment Support to review the asset.
- Refer to this article for other reasons an asset may not be depreciating
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