Accumulated Depreciation Issues On Balance Sheet

[Robert Lasater-2]

Whenever we close a period, the Accumulated Depreciation accounts are no
longer accurate on the balance sheet, although they were correct before
closing the period. Are we missing something or is this a bug?

Robert

[taher]

Hi Robert,

Do you have the exact steps to repeat? We need more details to try and help
you out.

Taher Alkhateeb
On Jun 12, 2015 4:20 AM, "Robert Lasater" <[hidden email]> wrote:

> Whenever we close a period, the Accumulated Depreciation accounts are no
> longer accurate on the balance sheet, although they were correct before
> closing the period. Are we missing something or is this a bug?
>
> Robert
>

[Robert Lasater-2]

Hi Taher,

Yes, first run a balance sheet on two consecutive years. There must be some
data in the accumulated depreciation accounts.

Look at fixed assets and accumulated depreciation amounts.

Close the first year. Accounting>organizational gl settings>setup>time
period.

Run new balance sheets. You'll see the accumulated depreciation and fixed
assets in year two are all messed up and the balance sheet no longer
balances.

Thanks.
On Jun 12, 2015 1:49 AM, "Taher Alkhateeb" <[hidden email]>
wrote:

> Hi Robert,
>
> Do you have the exact steps to repeat? We need more details to try and help
> you out.
>
> Taher Alkhateeb
> On Jun 12, 2015 4:20 AM, "Robert Lasater" <[hidden email]> wrote:
>
> > Whenever we close a period, the Accumulated Depreciation accounts are no
> > longer accurate on the balance sheet, although they were correct before
> > closing the period. Are we missing something or is this a bug?
> >
> > Robert
> >
>