[EM] How to adjust Depreciation

If you have already posted depreciation and the purchase price has changed:

1.  You can make adjustments to the # of Months to Depreciate, Increase or Decrease the Purchase Amount or change to the Residual Value and hit "calculate" and it will adjust on the remaining months of schedule.  Only affecting the remaining months, not changed what has already been updated.

2.  Pull the depreciation transactions back into a batch (EM Cost Adjustment batch) and delete.  Fix your schedule and re-post.

To delete previous posted depreciation: Go to EM Cost Adjustments in the month that you ran depreciation - file - add transactions.  Use F4 to find the depreciation entry and add to batch.  Change the action to "D" to delete and post batch. Then Make your adjustments in the EM Asset Setup and re-do the EM Depreciation Posting.   There is a flag in EM Company Parameters that stores the last month depreciated.  You may have to change that back if you want to re-run depreciation.

NOTE: You cannot re-calculate a new schedule using an earlier first month to depreciate if there are existing amounts taken.  You would need to remove the amounts taken in order to create the new schedule and then re-enter the amount taken.  The depreciation process will self correct for amount to take for the current year

For corrections to months that are already closed:  You can enter an EM Cost Adjustment with File> 'Initialize Reversals' option. When you use this option, Vista will grab all transactions from this month and create reversals. Any extra transactions will need to be removed from the batch before posting. Additionally, you can reopen the month and make a cost adjustment batch for that month, mark as delete, recalculate the schedule (if needed), and then process depreciation again.