Posting of depreciation in the fixed assets module

Darren Chan

Hello Everyone. We are new to utilizing the Fixed assets module and have our individual assets entered. I would like to know if when depreciation is calculated and set to a Not Yet Posted status, is a Journal entry created by the module before posting, or are the transactions posted directly to the GL? If a journal entry is created, can it be edited before posting or deleted if there are a lot of errors?

LeeAnn Schmidtberger

@Darren Chan
The transactions are not posted directly to the GL when created. They will be in a “not yet posted” status. You must post the transactions from the subledger to the general ledger. You can edit or delete the transactions through the Fixed Asset module before posting.