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Hello, My FAS shows 3 assets still has little left over amount that won't depreciate. Cost acc depre NBV Asset 1 : 44,298 44,278 20 3yrs fully deprec 2005 Asset 2 : 13,114 13,110 4 3yrs fully deprec 2005 Asset 3 : 9,398 9,390 8 3yrs fully...

I added Fixed asset ID 037-0 when I supposed to add 038-1. The book already has that ID 037-1 in FAS. How do I remove Fixed asset 037-0 and rename the Fixed Asset ID to 038-1? The GP Fixed Asset system won't allow me to edit the ID but other info about the asset were ok to edit. Your comment &...

Thanks NEmacGuy, This is like a CREDIT MEMOS, just the other way around. That is very helpful. Couple years ago when this overpmt was applied, they reconcile thru the General journal. But one great thing our company use is Offset clearing account. That way the entry would impact financial account.

Hi All, I've overpmt on my subledger for several clients; and, I can't remove them from the Aging Report. Can't reverse them because it's very old and book it closed too. I've tried Tools-Routine-Sales-Paid Transaction removal, but doesn't work. Here how my aged trial balance look like...

Woops....my JE was wrong..... Equip(orig Cost) 357k Accum Depr 200k NBV 157K I was told to dispose these assets??? DR CR What do I Debit??? Accum Depre 200K Equip 357K Gain on Sale 157K

Hi Vic, Thanks for the reply. I tried to deprec and do mass retire. But my problem is with the GL accumulated depreciation bal vs. FAS accum depr bal. Doesn't match because I depreciate to 12/9/08 and FAS pick up entire month. Both balance doesn't match. So I just used the GL balance &...

Hi All, Our company is selling off our subsidiary company. We used SL and MidMonth Convention(15th). There are numerous assets still depreciating left. How do I accelerate the depreciation so that all assets have zero Book value in our Fixed Asset Module? Cutoff date is 12/9/08. I don't what...

Awesome!! Thanks Vic

Hi all, i'm new to GP. Thanks first for your input. 3 asset asset items purchase on 3/08, book and depreciate. Now 4 mos later 2 asset items return. How do I clear it from the books. Vendor reimbursed full value price. what is best to go about doing this. :) thanks.