We are importing the fixed asset subledger into IFS for an entity that has an Asset Retirement Obligation (ARO) asset with a negative balance. The asset came to have a negative balance after a valuation adjustment at the end of 2022.
IFS does not allow you to import a negative cost or a positive accumulated depreciation resulting in a negative balance on an asset.
Does anyone else have an issue with ARO objects having a negative balance and how are these dealt with in IFS?
Thanks,
Monique