Allow Adjustments to Fixed Asset Transaction that are part of Conversion

When fixed assets are imported as part of a conversion, the transaction are set to a Do Not Post status. However, through the year, actions happen such as adjustments to the acquisition cost. Because the imported transactions are set to the Do Not Post status, an adjusting transaction cannot be posted to the fixed asset sub ledger. The entire acquisition amount must be removed and the updated amount must be keyed in...this removes an accurate audit trail of the asset. Allowing adjusting transaction to transaction set to Do Not Post during a conversion would create that audit trail for adjustments.

  • Guest
  • Aug 3 2020
  • Attach files