Issue/Symptom/Question

When reviewing GL results, accounting noted that the depreciation expense of some intangible assets needed to be moved from one OU to another. The accountant changed the OU assigned to these assets; however, when she re-ran depreciation, nothing changed. From the warning message it seems that going forward depreciation will be charged to the new OU as needed.  However, it seems that we have no way of effecting a transfer of the past depreciation on these assets. Please let us know if there is a way to accomplish what accounting has requested. Since it is essential to keep the GL account balance and subledger in balance, we cannot just use a journal entry.

Environment

Penta for Windows

Review of GL Balance:

Finance & Accounting > Inquiries > Account Balance Query

Complete Depreciation Adjustment:

Fixed Asset Management > Depreciation Adjustment Entry

Resolution/Fix/Answer

Pre-requisites:

• The OU's have to be Legal Entities 
• The Distribution Dates used have to be within the date the asset was assigned to the OU's

The steps to move previously calculated depreciation balances to a different OU are as follows:

• Navigate to the Depreciation Adjustment Entry window
• Create an entry to move the depreciation balances off the wrong OU
• Create a second entry to move the depreciation to the correct OU