Related topics

Edit Organization Window

Editing an Organization Setup

Short Years

Depreciation Adjustment Options

Resetting Depreciation

Editing the Fiscal Year

Changing Organization Settings

Will changing organization settings require me to recalculate depreciation?

Yes, it is possible that changing organization settings in the Edit Organization window might require you to recalculate depreciation.

You must recalculate depreciation if you have existing assets for which you have already calculated depreciation and then you do one of the following:

  • Enter a short year that exists during the life of any asset
  • Change a short year date that you have previously entered (including a short first year of business)
  • Change the fiscal year definition (for example, the accounting cycle, fiscal year-end, etc.) of any fiscal year within the calendar.
  • Change the adjustment convention on assets

In any of these cases, you must clear all system-calculated depreciation by resetting depreciation to the Beginning Date or the Period Close Date, and then recalculating depreciation to the current through date.