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Hi,

Two of the asset balances not carry forward to present year and for this reason we want to open previous fiscal year and we want to perform balance carry forward in asset account.

Recently we have made some changes in depreciation rates and now I am thinking if we open previous fiscal year then system will redetermine depreciation and it will try to post books of accounts in previous year.

Could you please let me know how system will behave above scenario.

Please let me know if you reqired any details.

Thanks in advance for your help.

Regards,

Satya

This open post was written 10 months ago | V/U/S: 285, 3, 2 | Edit Post | Leave a reply | Report Post


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Post Tags (10)

Depreciation, Fiscal year, scenario, present, Account, Details, Advance, balance, system, Fiscal (How Tags Affect Reciprocity)

Replies (3)

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cero offline Verified User (10 months) Long Term User Shouts: 5 #
An Unknown Location | 10 months ago (40 minutes after post)

is your accumulated depreciation off?

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Help me with: hey!
Zirbel offline Verified User (2 years, 9 months) Long Term User Shouts: 4 #
An Undisclosed Location | 10 months ago (2 hours, 3 minutes after post)

See a tax consultant!
All the more we don’t know your exact financial situation nor the country where you live.

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cero offline Verified User (10 months) Long Term User Shouts: 5 #
An Unknown Location | 10 months ago (2 hours, 11 minutes after post)

yeah there’s all sorts of rules and laws involved and that takes a lot of knowledge to be able to help you, you’ll need a professional accountant consultant’s help, and better accountant in the first place

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Help me with: hey!

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