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Former Member
Mar 16, 2011 at 01:48 PM

Fixed Assets beginning and ending balance on depreciation

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Ending depreciation of previous year is not being carried over to the beginning depreciation of this year. GL balance is fine. But when I run any asset balance report or asset explorer, I see the ending balance of depreciation is different than the beginning balance.

For example - if 2010 ending depreciation is $5000.00, $5000.00 should be the beginning depreciation for 2011 - instead it's shows a different amount.

Please help.