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Item Properties - Depreciation Problem


Ian

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I have just started using AssetManage and have the following issue on some asset items, not all.

- I entered the data from a .csv file from excel with the original date purchased and placed in service date

- All assets are depreciated Straight line, .00 salvage value, recovery years = 10

- 1st year depreciation prorated by actual days in service

- Fiscal year starts July 1

- Outside accountant uses a program that calculates prorated days depreciate a little differently than AssetManage , so I need to edit the 1st year depreciation

I have an item purchased 12/21/2006 and placed in service on the same date. The default 1st year prorated amount shows correctly for accumulated depreciation for 6/30/2007.

When I edit the dollars to match the accountant's program for the 1st year prorate amount and use the 06/30/2007 date, it moves the prorate amount up to 6/30/2008. I have to use 6/30/2006 on the bottom of the depreciation input to have the amount show correctly.

Only happening on a few items.

Any Ideas?

Thanks,

Ianpost-2811-0-55112300-1412016192_thumb.pnpost-2811-0-12781000-1412016193_thumb.pnpost-2811-0-58406700-1412016213_thumb.pn

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  • 2 months later...

I have just started using AssetManage and have the following issue on some asset items, not all.

- I entered the data from a .csv file from excel with the original date purchased and placed in service date

- All assets are depreciated Straight line, .00 salvage value, recovery years = 10

- 1st year depreciation prorated by actual days in service

- Fiscal year starts July 1

- Outside accountant uses a program that calculates prorated days depreciate a little differently than AssetManage , so I need to edit the 1st year depreciation

I have an item purchased 12/21/2006 and placed in service on the same date. The default 1st year prorated amount shows correctly for accumulated depreciation for 6/30/2007.

When I edit the dollars to match the accountant's program for the 1st year prorate amount and use the 06/30/2007 date, it moves the prorate amount up to 6/30/2008. I have to use 6/30/2006 on the bottom of the depreciation input to have the amount show correctly.

Only happening on a few items.

Any Ideas?

Thanks,

Ianpost-2811-0-55112300-1412016192_thumb.pnpost-2811-0-12781000-1412016193_thumb.pnpost-2811-0-58406700-1412016213_thumb.pn

Ok thanks for the report, we are going to have a developer look at this today and I will report the findings. When did you last download the software? We fixed a problem similar to this about 2-3 weeks ago.

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