Issue/Symptom/Question

After implementing PENTA and converting over from a different system, depreciation appears to be incorrect for several assets

Applies To

PENTA for Windows

Fixed Asset Management > Asset Information

Finance & Accounting > Processing > Fixed Assets > Depreciation Projection

System Management > Initial Load > Fixed Assets > Depreciation

Confirm the following is correctly defined for the Fixed Asset

Original Cost
In Service Date
Depreciation Method
Depreciation Life
Salvage Value
If historical depreciation balances were loaded in as part of a ERP conversion, validate the prior depreciation balances were correct and correctly loaded into PENTA
- NOTE: Prior year depreciation must be loaded separately and dated in the prior fiscal year, from current fiscal year depreciation

If all of the above checks out, please submit a Service Desk ticket and reference this article.