Changing Depreciation Expense account on assets does not create a journal entry

Changing Depreciation Expense account on assets does not create a journal entry

Fixed/Capital Assets

• Depreciation Expense accounts will only be included in the journal if the Transfer current year depreciation checkbox is selected on the Change Accts screen
• If checked, only the depreciation for the current year will be included in the journal

• If current year depreciation needs to be changed, the Transfer current year depreciation checkbox needs to be selected on the Change Accts screen
• If prior year depreciation needs to be changed:
  1. Use the How to reverse depreciation program to reverse the depreciation using the original/current accounts
  2. Use How to change accounts on an Active or Posted CIP asset on your asset
  3. Use How to run depreciation program to run depreciation for the new accounts