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Settlement Adjustment from project to Fixed Asset

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Dear All,

If Project Already settled with amount of 100k and Asset team transferred it to the Asset and Run Depreciation.

If after Running depreciation we want to adjust -5k from Project (100k).

Is there any method to deduct the amount(5k) from the project even though we have run the depreciation.

Regards

Shashank

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Answers (1)

Answers (1)

Mark_W
Product and Topic Expert
Product and Topic Expert
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Hi Shashank

How did you make the debit posting to the Project?

If you are now going to post a credit transaction to project and then transfer to AUC/Final Asset all on same dates, then depending on depreciation key, the depreciation would recalculate based on the new posting, you could rerun depreciation for that period (assuming depreciation has not been ran for next period), if so catch up depreciation would be posted in the next available period.

Regards
Mark

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Thanks Mark for the response.