Our client has migrated the asset balances and unfortunately there was a depreciation run which made their balances out by few thousand dollars compare to their legacy system. Initially I have suggested ABZU (write up) bearing in mind that all the assets have opening balances from previous year. It worked fine with assets which had migrated opening balances (period 0) but there were some assets which were migrated from old system but acquired in current year. Now thatu2019s where the problem occurs, as system doesnu2019t allow ABZU with no opening balances or previous year balances.
Is there any way I can do some adjustment to depreciation posted and reduce a portion of depreciation and add it back to asset account.
Can you please provide your expert advise here.