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Kimmie Feng

My depreciation are not calculating correctly

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when I calculated the depreciation, the "prior through" are gone from reports, so beginning accumulated depreciation are not correct. I tried recalculating as of 12/31/22 then redid depreciation from 1/1/2023 - 12/31/2023, but nothing changes. how should I bring the "prior though 12/31/22" back on depreciation reports?

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    Hello Kimme,

    The prior through date does not affect the Prior Accum depreciation of the assets. The only effect the prior trough date has is on the Depreciation this Run (DTR) so that, assuming a December year end, if you run depreciation to 12/2022 then to 12/2023, your DTR and CYTD should be the same. If the Prior Thought date is missing, that only means the asset was Placed-in Service (PIS) during 2023.

    The question I always ask to gain a good comparison, run depreciation for 12/2022 and look at the Net Total Accum on that report, then run 12/2023: Does the Prior Accum on that report match the total Accum from the 12/2022 run?

    If so, then everything is as it should be. If those number do not match a prior report, then asset(s) was added in 2022 which is skewing things.

    If not, then you would need to find the asset(s) causing the different. A good thing to look for would be asset transferred into this company which were not PIS in 2023.

    ~Delray

  • 0 in reply to Delray

    Hi Delray, thank you so much for getting back to me. I tried to rerun like you said but the result didn't change. Can I make an appointment with you to do a screen sharing session? would any time from 11:00am- 12:30pm, or after 3pm PST today (15th), or any time tomorrow (16th) work for you? thank you so much!

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    This is not a forum to get call backs from, if for no other reason, we only call back people who have, verifiably, an active support contract. To be verified, you would need to go to Pegg Webchat to get to a Chat tech or you can create an internet ticket here Submit A New Case - Sage Customer Portal where you can log in with their portal account to create an internet ticket. 

    ~Delray

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