Cancel posted depreciation entries

As required, you can cancel posted depreciation entries.

To cancel a posted depreciation entry

1. Choose , enter fixed assets, and then choose the related link.

   The Fixed Assets page opens.

2. Select the fixed asset for which you want to cancel a posted depreciation entry, and then on the action bar, choose Manage > View.

   The Fixed Asset Card page opens.

3. On the action bar, choose Related > History > Ledger Entries.

   The FA Ledger Entries page opens.

4. Select the line with the incorrect depreciation entry, and then on the action bar, choose Actions, Functions, Cancel Entries.

   The Cancel FA Entries page opens.

5. If the only incorrect entry is the date, in New Posting Date specify a value.

6. Choose OK.

   The batch job creates the lines to be posted on the Fixed Asset G/L Journal page.

To post correction entries transferred to the Fixed Asset G/L Journal

1. Choose , enter fixed asset g/l journals, and then choose the related link.

   The Fixed Asset G/L Journals page opens.

2. Ensure that FA Error Entry No., is selected.

3. On the action bar, choose Insert FA Bal. Account.

4. Choose Post.

   The lines are now posted to the corresponding general ledger accounts and the fixed asset ledger entry is cancelled.

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