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Former Member
Apr 12, 2010 at 11:18 AM

Unexpected Depreciation GL Postings

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Hi,

Within a GL Account Determination for Fixed Assets there are the following accounts:

Balance of Asset Acc.

Clearing Acc. Asset Acquisition

Ordinary Depreciation Account

Accumulated Depreciation Account

On acquiring a new asset, the "Balance of Asset Acc" is debit as expected. However, on running the Depreciation Run, the "Balance of Asset Acc" is credited. I would expect this account to retain its balance, and the Credit to be made against the "Accumulated Depreciation Account".

Is there any way to set GL Determination so that the Depreciation is credited not to the Balance of Asset Acc. but another account?

Thanks

Greig