Fixed Assets

Christy South
Christy South
Second Anniversary Name Dropper Participant Facilitator 1
in Blackbaud Financial Edge NXT® General Discussions

Hello, we inherited an old Fixed Assets schedule that was created in Excel. Another employee here used it to create our Fixed Assets in FE NXT without verifying that it foot to the GL. The subtotal for our class of Computers does not tie to our GL. It was overstated on the Excel schedule and then subsequently in FE NXT by $12,640.18. There was probably a disposal made on the GL many years ago that was not done on the Excel schedule. What would you all suggest as the best way to reduce the total amount of Fixed assets without affecting accumulated depreciation?

Comments

  • Peggy Thordarson
    Peggy Thordarson
    Name Dropper First Anniversary Facilitator 1

    @Christy South Hello Christy. I don't see any replies to your inquiry. I too would like to adjust my value of an asset without making an entry to AD. Did you ever get assistance and if so, what was the solution? Thank you

  • Christy South
    Christy South
    Second Anniversary Name Dropper Participant Facilitator 1

    @Peggy Thordarson Hi Peggy. I never got a reply but what I had to do was chose an asset, retire it, then record a new asset less the amount I needed to adjust. It worked that way. I just made sure to write in my notes within the asset what I did for myself and others(auditors) to remember what I did!

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