Re: Last Year Depreciation

[daparnin@xxxxxxxxxxxxxx]

Thanks Dan.  I have verified that all of our current YTD depreciation is at
zero.  I'm told that we don't post depreciation to the G/L so there
wouldn't be an issue there.  I'm not sure how that's handled.  I'm stronger
on the manufacturing side of things than the financials but I'm trying to
catch up.  A number of the assets aren't that old and still have
depreciable life left so there should have been something.  Some have it
and others don't.  The close appeared to complete successfully.  I'll keep
poking around and see if I can turn anything up.  Thanks for giving me some
places to look.

Dave Parnin
--
Nishikawa Standard Company
Topeka, IN  46571
daparnin@xxxxxxxxxxxxxx





                                                                                
                                                     
                      "Dan Sweeney"                                             
                                                     
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                      bpcs-l-bounces+daparnin=niscoseals.com@m        Subject:  
Re: [BPCS-L] Last Year Depreciation                  
                      idrange.com                                               
                                                     
                                                                                
                                                     
                                                                                
                                                     
                      01/24/2006 11:48 AM                                       
                                                     
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There should have been no issues with running depreciation anytime
during the month of January but prior to closing in January.

I would definitely recommend more research on the matter of the Last
Year Depreciation Dollar Value.  If BPCS calculated depreciation for
2004, that value should have moved to the Last Year Depreciation field.


I would suggest they verify that the Current Year Depreciation field is
$0.00 after running year-end.  I would also validate that there should
have been depreciation for the particular assets that have $0.00 in the
Last Year Depreciation field.  I would also recommend that you run a
query on the Last Year Depreciation field and that value should also
agree with the value posting into the G/L.  I would also recommend that
you run a query on the Current Year Depreciation field and validate that
the value is $0.00 prior to running the month-end closing in January.

Everything may be OK, but I would spend some more time researching to be
absolutely sure.

Hope this is helpful.

Dan Sweeney

Senior Technical Consultant

PHOENIX Business Consulting, Inc.

Tel: 724.836.4446 x7, Cell:  860.490.6712,

E-Fax: 832-550-5144

www.phoenixbcinc.com

SSA GLOBAL Recognized Services Provider


-----Original Message-----
From: bpcs-l-bounces+dsweeney=phoenixbcinc.com@xxxxxxxxxxxx
[mailto:bpcs-l-bounces+dsweeney=phoenixbcinc.com@xxxxxxxxxxxx] On Behalf
Of daparnin@xxxxxxxxxxxxxx
Sent: Tuesday, January 24, 2006 11:02 AM
To: bpcs-l@xxxxxxxxxxxx
Subject: [BPCS-L] Last Year Depreciation





I've got a fixed asset question.  Our fixed asset person closed December
at
the end of the year but didn't run the year-end close until today.  She
said that it is her understanding that this is OK as long as the
year-end
close is done before the January close.  After the year-end close she
has
found that some assets are showing zero for the total last year
depreciation while others do have a value.  The good news is that the
total
accumulated depreciation is correct for assets both with and without a
total last year depreciation.  Because this is correct they aren't too
worried.  Should we be?

We are on version 4.02.


Dave Parnin
--
Nishikawa Standard Company
Topeka, IN  46571
daparnin@xxxxxxxxxxxxxx

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