Skip to Content
-1

Coded to asset in prior year, but should have been an expense. No depreciation to date.

Item coded as an asset in prior year, - should have been coded as an expense. No depreciation to date. How do I change the asset to an expense in the current year?

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • Posted on Nov 07, 2019 at 10:24 AM

    Do you have postings on the asset? If not, flag the asset for deletion

    If you have postings, reverse the asset postings (AB08) and work with your accounting group on a reclass

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.