Good day Community
I have a client who has been calculating their depreciation on a spreadsheet for years and now want to use Acumatica.
Here is my challenge - in 2021 they changed the useful life of the assets from 25 to 40 years. In 2023 they increased the value of the assets. I imported the assets in the current financial year in initialization mode, including the YTD Accumulated Depreciation. Most assets have been depreciating for about 5 years, 2 years @ 25 years and 3 @ 40 years.
I am really struggling to assign them useful life years that would calculate at the correct rate. If I use 40 years, it reverses a portion of the Accum. Depr so that the remaining amount is over 40 years from day 1. If I use 35 years and amend the start date to the current year, the calculation is correct by month going forward, but it amends the Accumulated Depreciation YTD that was imported.
Any advice as to how I could get the system to calculate the correct amount going forward without changing the take-on balances?
Many thanks in advance for any help.
Barbara
