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Jcampanella

GL Posting and Asset Disposal

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When you run the GL posting after disposing an asset that was not fully depreciated I get two different numbers in the GL posting report depending on how I run the report, either "all complete assets" or "active assets" ?  Why is that?

My reconciliation with our accounting software never balances based on this distinction.  I get a different YTD depreciation amount for the depreciation reports than what is in our accounting software for YTD depreciation because the amount entered from the GL Posting report is different. 

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    Hi, Jcampanella,

    There is only one possible reason to explain why you see "two different numbers in the GL posting report" as you described in your opening paragraph.  And that reason is:  you changed the criterion for the Active Assets group. 

    How can I be confident of this?  Because the two groups <All Complete Assets> and Active Assets are the same assets with but one exception -- the Active Assets group does not include inactive assets.  And you may recall from the reply you read earlier today from Delray, who posted to a different thread, that inactive assets do not depreciate.

    Perhaps, you changed the Active Assets group so that disposed assets (assets with an activity code of D or F) are no longer included in the group.  If that's what you did, it would explain why you found one figure for one group and a different figure for the other.

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