Hi @laura01 I can not see the type “Depreciation -” in the Fixed Asset Transactions screen. Do you know why? Thanks
Hello, What are you trying to do? Reverse & correct depreciation? Try “Reverse” action from the (...) Actions menu in the Fixed Asses profile screen. This action creates a reversal of the purchase, reconciliation, and prior depreciation, so that you may correct whatever setting caused incorrect depreciation calculations: the asset life, purchase amounts, and/or depreciation methods. Then depreciate again. HI @laura01 Actually, I want to reverse & correct depreciation, today I use Reverse from the Fixed asses profiles screen as you said, and it revert all purchase, reconcile, depreciation but I see the confusion on the tran.date & trans.period on the revert transaction. Although the period of the revert is correct, but the tran.date is automatically filled in today.I check the batch number, it has the same problem. I wonder what will be impacted on that. Do you have any ideas on that?Thanks
Hello, Some companies allow posting of corrections to prior periods, some do not. If the closed periods were updated and you don’t want closed periods to be updated, you can correct in GL. Then update GL Preferences. When Restrict Access is checked ON as shown below, only people in the Financial Supervisors role can post to closed periods. HI @laura01 currently our setting is not click on restrict access to closed period.But I wonder why the system generate the reverse transaction date diff with the reverse transaction period. When I export report with the condition include tran.period & tran.date, it’s doesn’t show the reverse because it does not meet both condition.The period of the reverse is correct & what I expect is the trans.date of the reversion should be same with the original date.
Hi @byates You can create a Landed cost document with negative value and then create an AP bill ( it automatically creates debit adjustment in this case ). Hope this helps, Regards, HI @vkumar I did what you said for reverse Landed cost, but when I create debit AP bill, it has errors like this. Do you have any ideas on this.Thanks
Hello, This is a question for Acumatica. I don’t know why the original date of the depreciation that is being reversed was not used in the reversal. In my test and your experience, FA Reverse transactions used the date we created the transaction. In my test company, Restrict Access to Closed Periods was checked ON in GL Preferences, and all of my reversals posted to the same day AND to the same period even though the depreciation happened over several months. There was no warning, there was no “Are you sure?” upon clicking Reverse, there was no pop-up asking our preferences on how the reversal is posted. I don’t see choices in FA Preferences, for what date and period should be used on reversals. In my test the reversal batch released and posted itself… due to one setting in FA Preferences (below). Maybe you can post your Ideas of how the Correction/Reversal should work, in the Ideas section of this community. Thanks @laura01 , Have a nice day.
HI @kudzaim20 You can add that right on the report designer. GO to File> Build Schema> Parameters Hi @kbeatty21 Could you please kindly share your relationship on this report.I tried building the relationship to add Batch date but failThanks so much!
Yes, a transaction date/date entered is exactly what I need…. and then I need to be able to run the report based on that date. Is it possible to add the date somehow? Hi @Kfarren29 KDid you solve your requirement, please kindly share with me, I am still struggle on that.Thank you so much!
Hi @BethKesser24 Sorry that I make mistake on the question, what i mean is how to apply a difference customer (Customer A- AR invoice with customer B-Prepayment) Thanks
Hi Guys, can you give me an idea how to apply an Customer AR Invoice to another Customer Payment document? although both customer does not have parent child relationship. or how include Vendor/Customer ID in Journal entry document? Hi @RAM,Do you have solution for this.Thanks so much
Hello, To apply a prepayment and invoice from different customers, the customer relationship needs to be defined. The customer with the Prepayment needs to be the parent of the customer with the invoice. Otherwise you can enter adjusting documents: Customer 1 with prepayment: Enter Debit memo. Use customer clearing account in place of revenue. Apply prepayment to Debit Memo to close both documents. Customer 2 with Invoice: Enter Credit Memo. Use customer clearing account in place of revenue. Apply Credit Memo to Invoice to close both documents. hi @laura01 Thanks Laura, Could you share how to apply prepayment vs invoice with the prepayment is parent customer?Thanks alot!
Hello, When applying payments for a parent customer, we can see invoices that belong to the parent and invoices that belong to the child customers. The Acumatica process to apply payments is the same for parent customers as it is for regular non-parent customers. Thanks alot Laura, it helps.
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