You, Me and Dynamics GP
It’s not unheard of for someone to make a mistake with depreciation. Maybe an
asset was put into service early for example. Well if you need to undo
depreciation for a single asset in Dynamics GP it’s very easy. Simply go to the
Routine for Depreciate One Asset, select the asset to undo depreciation for and
set a new depreciation date. So if an asset was depreciated through 2/28/11 and
you need to put it back to 1/31/11 set the depreciation date to 1/31/11. GP will
warn you that the depreciation date is earlier than the depreciated through date
and this will back out depreciation in GP. Once depreciation is processed the
subledger is updated and a reverse GL transaction is created when the GL
Transaction routine is run.
This works great for a single asset and is really easy to do. So what happens if you accidently mess up a complete depreciation run? Microsoft support has a script that can undo a depreciation posting. I’m working on getting permission to post the script. Until that happens you can contact Microsoft support and they’ll send you the script.
This works great for a single asset and is really easy to do. So what happens if you accidently mess up a complete depreciation run? Microsoft support has a script that can undo a depreciation posting. I’m working on getting permission to post the script. Until that happens you can contact Microsoft support and they’ll send you the script.
