How to reverse depreciation in FA

[Former Member]

Hi,

I would like to ask for help in the following case. We are in period 1 at the moment. An accountant ran depreciation for period 12 by mistake. There was nothing posted with the batch to GL.

However in Asset Explorer depriciation is considered as posted for the whole year on all assets. It shows that in period 12 there was posted depreciation for the whole year.

Is there any way how to reverse depreciation in FA for the 12th period so that we can run depreciation for period 1 as usual? I would like Asset explorer to show depreciation in period 12 as planned.

Thank you!

Jan

[Former Member · Accepted solution]

Depreciation cannot be reversed in a productive system. Please check the blogs. Nathan wrote one regarding this topic.

[srinivasa_maruvada]

Hi

You can't make the depreciation reversal. Check the work around. Keep the ZERO depreciation in the asset master. Run AFAB again for the period 12. So newly posted depreciation will nullify the old depreciation. The change the depreication key again and re run AFAB for the period 1. This will post a new depreciation with right amounts

Cheers

Srinivas