Add depreciation for the year in Accumulated Depreciation

[former_member650819]

Hi,

We are uploading legacy data for asset during middle of the year.

In OASV, I am uploading the GL as

XXXX100       Asset Aquisition Value GL         DR 100000

XXXX150      Accumulated Depreciation GL     CR  40000

99999999      Asset Data Takeover GL             CR 60000

There is Depreciation for the year INR 5000. Do I have to add INR 5000 to Accumulated depreciation and then post in OASV? Please see below:

XXXX100       Asset Aquisition Value GL         DR 100000

XXXX150      Accumulated Depreciation GL     CR  45000 (includes Depreciation for the year)

99999999      Asset Data Takeover GL             CR 55000

Then while uploading Legacy GL balances I have to include Depreciation for the year GL account INR 5000 for the P&L.

Kindly suggest if this process is correct, since I am finding this as a double impact of Depreciation INR 5000 in B/S and P&L.

[former_member205041]

Hi,

If you make a legacy data transfer during the year the following points are important:

1. in TR. OAYC: maintain "Period in which depr. was posted"

2. In AS91: Enter "Accm.ord.deprec"

3. In AS91: Enter "Ord.dep.posted"

best regards Bernhard

[former_member650819]

Hi Bernard,

I have followed the steps you have specified, my query was regarding OASV.

Please give some info.