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Former Member
Jun 30, 2010 at 02:37 AM

Fixed asset import

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Hi,

I understand the FA import only allow us to import starting from the beginning of the financial year (e.g. Jan 2010).

My question is what about fixed asset purchased after Jan 2010. My customer is going live on 1 Jul 2010. Does it mean they have to key in manually?

For asset purchased before Jan 2010, my depreciation start date should be Jan 2010, and the useful life should be equal to the remaining life. Do I need to date back my accumulated depreciation back to Jan 2010?

Thanks.