[Jacob Dinota]

We need to set an end of life date of 8/31/18 for several of our assets that are currently set to go past that. How do I change the remaining life to end on this date?

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Jacob Dinota
Connections Education LLC
Baltimore MD
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[Jacqueline Smith]

Open the Book window for the asset you want to change……..select the appropriate Book ID and change the Original Life Year, Days to what you want it to be. The following message will popup:  “You have changed a depreciation sensitive field. This will result in depreciation values being recalculated. Do you wish to continue?  The answer would be “Yes”.  The next message is: “A depreciation sensitive field has changed. Please select one of the following “Reset” options.  The options are “Life”, “Year” and “Recalculate”.  I would recommend resetting Life.  Depending on the change you are making there will be a positive or negative difference for Depreciation Expense – the system will put this amount in the account defined as Prior Year Depreciation in the asset’s account card. This difference will be part of the GL Posting batch the next time you run Depreciation and GL Posting.  You may want to do this in a test company first so you can make sure the results are what you are looking for.

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Jackie Smith
Independent GP Software Consultant/Trainer
Dynamic Trainers, Inc.
Orlando, Florida
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