FA: rollback depreciation

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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Gabi87
Posts: 9
Joined: Sat Nov 26, 2011 6:57 am
Location: Hungary

FA: rollback depreciation

Post by Gabi87 »

Hi All,

Coluld you please help me in the following situation:
I had an asset, which was sold in October, but this fact came to my knowledge, just now. I run depreciation for this asset in november and december as well, so now I have to reverse these depreciations somehow. Of course the FA periods (October, November) are closed now.

Could you help please, how can I manage with this issue?

Thanks in advance!
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admin
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Post by admin »

There is no option to open the closed period of FA so only way is to make certain adjustments in GL. tks
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madhuarepalli
Posts: 39
Joined: Fri Jul 31, 2009 8:30 am
Location: India

Post by madhuarepalli »

Hi,

You may retire the asset with october period then system will reverse the entire calculation.

Regards,
Madhu
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