Skip to main content

Hello. I recently created a Tax book for depreciating assets for tax purposes. This isn’t supposed to post anything into the GL. I am testing on the object below:

 

 

I created a depreciation proposal for this object:

 

 

Below are the proposal details. Depreciation starts from 11/25/2017 (its acquisition date) to 1/29/2022 which is Depreciation Period 4 as specified above.

 

After authorizing the proposal, I tried to post the proposal but I am getting this message:

 

 

Would someone be able to advise on what this means and possible solutions? I would like to post so that I can run reports on the tax book to determine the depreciation for tax purposes. I would appreciate any insight/suggestions. Thank you.

Hi @andrei.borromeo 

you have to calculate depreciation proposals year by year. For example first you should calculate depreciation proposal for year 2018 only, post this proposal and calculate proposal for next year, post it and do the same for all next yeears.

Best regards,

Adam

Reply


Terms & ConditionsCookie settings