After some trial and error, I was able to successfully transfer an object from one company to another. In the Transfer From company, all of the postings were successful for all books. In the Transfer To company, the acquisition and accumulated depreciation are posted to the GL, but for the internal ledgers, only the accumulated depreciation is posted (FAP66, FAP67). The posting controls for FAP64 and FAP65 are not being triggered. I have the account for FAP64 set to use control type FAC2 - Object Group, but this does not work. I have also tried using a fixed value for the account, but that does not work either. Everything looks good at the subledger level and in the GL, but I can’t figure out why the acquisition value is not being posted to the internal ledger in the receiving company.Does anyone know why the acquisition value and counter-posting would not be posted to the internal ledger while the accumulated depreciation and counter-posting are?Again, any help would be appreciat
Hi @gumabs ,We are using method type RemValue/RemMonths. You are correct, the “Below Depreciable Basis” checkbox can be selected with Straight Line and Customized method types.I tried changing to a depreciation method with method type Straight Line where the checkbox was selected. I then created a depreciation proposal and modified the amount to force the net book value to be negative. This worked.However, if the base value of the asset is negative, no depreciation proposal will be created even though the checkbox is selected.I will continue to test.Thanks for the help!Regards,Monique
Hi all,I thought I would give you an update. I was able to import the object with a positive acquisition value and then I did a manual ‘M’ voucher against the asset account and the object ID, which did affect the subledger as the asset account is not set as a “ledger” account. However, this affected the acquisition value for both books. I then did another acquisition value adjustment for the US GAAP book to bring the value of the asset back to the original imported value.I now have the correct balances in both the GL and the FA subledger for each of the books, with the IFRS book having a negative NBV.I then ran a depreciation proposal for May for the IFRS book ID and it was empty, presumably because the NBV is negative. I tried to select the “Below Depreciable Basis” checkbox on the depreciatin method, as Adam suggested above, but was not able to select it. I then tried creating a new depreciation method in case the reason I was not able to select the checkbox was because the meth
Hi Adam,In this case, we are importing objects from another system and the object has both a negative cost and accumulated depreciation greater than cost. Even if I were to import the net book value as the acquisition value, it is still negative. The import function in IFS does not allow this.I have seen where an object can be depreciated below the base value resulting in a negative net value though I’m not entirely sure how this happens. I have tried modifying a depreciation proposal to force the net book value of an object to be negative but receive the below error when trying to authorize.Now, I am thinking to set the asset acquisition value to zero in the subledger and record the negative excess amount at the GL level (still to be tested). Not sure if this is the best solution.
Hi,Thanks for your reply. We were hoping to be able to track these at the subledger level rather than doing manual voucher entries but understand that this is not possible.I appreciate the feedback.
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