Depreciation Errors in February Post; can't determine why:
We ran AFAB for the assets that would post;
Then the AFBP to get a list of the assets that won't post their Depreciation in February.
In the past 14 years the only errors where when a cost center was closed. I double checked and these CC are open.
We closed FA for February but did not transfer the balances yet.
Now when I look at an asset with error it shows as posted in the Subsidiary but still did not post to the GL Accounts
What happens if we transfer the FA balances?
I think I will need to do a manual JV to get the depreciation expense and Accum into our GL
What are the repercussions if any?
Thank you for your earliest response.