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How to change depreciation principal on an asset

How to change depreciation principal on an asset

Description of Issue

How to change depreciation principal on an asset

Context

Fixed/Capital Assets

Cause

Depreciation principal was accidentally left blank when asset was created

Resolution
  1. In Adjustments and Retirements, pull up asset and click Transactions.
  2. Select Adjustment.
  3. On Adjustment screen, click Update.
  4. Enter the net change in the Change column for the depreciation principal field and confirm that the Adjusted amount is the correct new total.
  5. Select reason code, enter effective date, and click Accept.
  6. Click Output/Post.
Additional Information






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