Wrong Document reversal during AIST

[Former Member]

Hi All

I have an issue while trying to reverse the AUC Settlement entry using AIST. In detail, I have settled a line item of an AUC No.153 to Asset X for Rs 7,700 in the month of Jan 2011. Depreciation for that month has also been posted for Asset X.

Further in the month of March 2011 I have capitalised another line item in the same AUC 153 to Asset Y for Rs 9,900. But today I have realised that settlement earlier made to Asset X is wrong and I need to reverse it. I am attempting to reverse it using AIST by giving the AUC No. 153. But when I give simulate, the system is showing the reversal entry of the latest settlement document pertaining to Asset Y of Rs 9,900 and not of Asset X of Rs 7,700.

Please advise how to reverse the settlement entry of Asset X of Rs 7,700. Also how to rectify the depreciation for Asset X which was already posted during Dep Run on 31 Jan 2011.

Regards

Gemini

[ajaycwa1981]

HI

System's behaviour is correct.. When you try to reverse a settlement, the latest settlement is always reversed...

In my opinion, reverse the settlement to Asset Y 1st (9900)... Then do AIST again OR reverse the document for Asset X from AB08....

You can also try AB08 directly for Asset X, but I doubt if this will be allowed...

However, I would personally prefer to

1. Change the dep key of Asset X to 0000

2. Re run the depreciation for Jan 2011 in REPEAT mode.. This would reverse the depreciation.. If you have not executed dep for Feb 2011, do not do it till this issue is resolved... if you executed dep for Feb 2011, then execute AFAB for Feb in REPEAT mode

3. do an Asset to Asset Transfer i.e. Transfer Asset X to the desired Asset

Br, Ajay M

[Former Member]

Hi Ajay

Thank you for your reply. If I understand your inputs correctly, I should do the AIST for Asset Y and then repeat the same for Asset X. Thereafter re-post the settlement pertaining to Asset Y. Please confirm. Can't this be avoided.

Alternatively, I have tried to reverse the document pertaining to Asset X directly using AB08. But the system is again simulating the reversal of Asset Y only and the AB08 could not be done for Asset X directly.

Any other inputs please....

[ajaycwa1981]

Hi

You got it right...

Do AIST for Asset Y - Then for Asset X.... Again settle AUC on Asset Y

OR

AIST for Asset Y and then AB08 for Asset X... Again settle AUC on Asset Y

OR

Directly to an asset to asset transfer from X to say, Asset Z (I would prefer this)

Br, Ajay M