hey all - we have just created assets in our system for a new subsidiary dating back to 2018-2020. • We posted the GL impact through 2020 with a manual journal. • We have the asset records and have updated the cumulative depreciation, current net book value, and last deprecation amount/period/date. Now I’m trying to figure out what to do with the depreciation history records. I see that if I simply 0$ out the transaction amount for dates through 12/31/2020, nothing will be posted through 2020 (which is what I want). Is this the right way to do this? or is there another way to inactivate the depreciation history records through 2020?

The correct way is to upload depreciation history. FAM does not “know” that you posted that JE to account for the depreciation. So it needs to be done via CSV upload. Find FAM in Help section and follow instructions on how to do that.

@karina the depreciation history is there from when the assets were created, which is what I’m saying. However, we already posted depreciation through 2020 using a manual journal. So, how do I avoid the Asset Depreciation process from posting entries for the asset depreciation histories from Dec 2020 and prior? That’s my question. Suiteanswers doesn’t help there.

@Joe Blanchett - delete manual journal?

hmm

There is no way to skip any journals. How would NS know which JEs to skip? Besides, FAM is very very rigid. I suggest deleting the journals if the reconciliation shows the journal to be a culprit.

yeah i did that thanks