Thursday, December 11, 2014

You Cannot Expense An Adjustment To An Asset For Which You Have Already Amortized An Adjustment

 

Issue:

You Cannot Expense An Adjustment To An Asset For Which You Have Already Amortized An Adjustment

 

Fix:

 

Since an asset in the reclass group was already amortized, Amortize Adjustments would have to be checked in order for it to work.


An amortized adjustment was already performed for an asset that was being Mass Reclassed with "inherit depreciation rules of new category item" being selected, but not Amortize Adjustments.

 

Submit Mass Reclass with both or neither inherit depreciation rules of new category and the amortize adjustments box being checked (note this will amortized all reclassed assets in the mass transaction)

If there is going to be an adjustment for the group that includes an asset that already has an amortized djustment, then it must be amortized.

-OR-

If you do not wish to amortize all asset in the mass transaction then:

1. Manually reclass the amortized/erring asset

2.  Then retry the Mass Reclass (as it'll no longer include the issue asset)

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