Re: Last Year Depreciation

[Al Mac <macwheel99@xxxxxxxxxxx>]

We are 405 CD and often delay final Year End close until MONTHS into the 
new year.  In other words it is not unusual for us to complete
* Last Year's months
* January
* February
* March of the new fiscal year
and still not yet done the final year end close for the prior year.
This is because there are multiple efforts to make sure 100% of any final 
adjustments have been taken care of and included in the prior year

We do a preliminary year end close periodically so that various managers & 
owners can get an idea of the overall P&L totals.

We have had intermittent problems with BPCS accepting transactions with 
bogus dates outside of the fiscal period involved.

For example, we accept RMAs with dates based on when the problem occurred, 
but do not do the final credit until QC has fully resolved whatever the 
situation was, which can be some months later, after the fiscal period of 
the original RMA has been closed.  BPCS lets us post stuff to dates that 
are in closed fiscal periods.

> 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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-
Al Macintyre
http://en.wikipedia.org/wiki/User:AlMac
http://www.ryze.com/go/Al9Mac
BPCS/400 Computer Janitor ... see
http://radio.weblogs.com/0107846/stories/2002/11/08/bpcsDocSources.html