Is there a way to change existing fixed assets to post depreciation to expense accounts without potentially breaking the standard fixed asset functionality.
Answer
Fixed Assets that hit expense accounts instead depreciation accounts on BS
Best answer by nmizzell9000
Yes, you can do this by making changes to the individual assets themselves or to the asset classes. Here is an example of how to do it for the asset classes:
Just change the depreciation expense account to the account you want it to be.
Also make sure you set your accumulated depreciation and fixed asset BS accounts to be control accounts for the “FA” module.
Yes, you can do this by making changes to the individual assets themselves or to the asset classes. Here is an example of how to do it for the asset classes:
Just change the depreciation expense account to the account you want it to be.
Also make sure you set your accumulated depreciation and fixed asset BS accounts to be control accounts for the “FA” module.
NM
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