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[Nicole McLouth]

We are in the process of importing Fixed Assets from an old system into GP. When we try to add the prior accumulated depreciation, we get this error:

If Depreciated to Date is manually entered and there is LTD Depreciation, then if the date is prior to the current year for the book, it must be the last day of the year.

We’ve set our GP date to 12/31/17 and closed the Fixed Asset year of 2016 so now 2017 is open. But we get the same error. Has anyone else had this same issue?

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Nicole McLouth
Finance Specialist
Wildhorse Resort & Casino
Pendleton OR
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[Jo deRuiter]

?Hi

Take a look at your book setup Financial>Setup>FixedAssets>Book.  Your issue is most likely the year set in those:

?

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Regards,

Jo deRuiter
“That GP Red Head”
Senior Financial Systems Consultant
Heartland Business Systems, LLC
Eau Claire WI
770-906-4504 (Work)
770-906-4504 (Cell)
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[Kimberly Lomax]

You mentioned that you set your GP date to 12/31/17, but is that the date that you’ve entered into the “Depreciated To Date” field on the the asset book window?  That field should be 12/31/17 for the assets that you’ve entered a LTD depreciation amount for.

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Kimberly Lomax
Manager, Financial Systems
Rayonier
Jacksonville FL
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[Audrey Forrest]

Hi ,

If you are entering a fully depreciated asset that had no depreciation from the current year (2017), then your depreciated to date should be 12/31/2016 (or some year prior to that). If your asset had prior year and current year depreciation, enter the date the asset was last depreciated as the depreciated to date, and then enter the amount of current year depreciation AND the total depreciation. LTD Depreciation should include anything in the YTD depreciation field. Hope that helps! ??

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Audrey Forrest
Senior Accountant and Business Analyst
Chihuly, Inc.
Seattle WA
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