Hello
In 2013 December,the business retired an asset on 01.12.2013 after the depreciation was run 15.12.2013 and hence then the GL period was closed for period 12/2013.Then the depreciation for an amount of $100 which was posted on 15.12.2013 for an asset got reversed automatically as the asset was retired as on 01.12.2013.Now we are planning to run the depreciation again for that particular asset so that depreciation for period 12 would be zero.
After this Business wants to post manual adjustment reversing the impact of the depreciation posted in period 12/2013.And then re-posting the adjusted entry i.e Cr Deprecation and Dr Asset account in period 04/2014.For this we shall post manually to the asset account ,removing the recon indicator.Can you please let su know if this is going to cause an issue during 2014 closure as the balance int he asset and gl account will not match.Please advice how to match it.
Regards