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Hello,
I need to convert fixed assets into asset tiger. Old assets were on a half year convention, we are currently on a straight line method. Asset Tiger is a very straight forward, simple ERP system. There is no option to specify current accumulated depreciation in the system. I have cost, acquired date, life and the system does the work for you. As you may gather this is causing a lot of issues. I need to manipulate the data a bit, not an ideal situation.
Basically my question is which way would be better?
-Change the acquired date. (problem-auditors might ask to have a matching depreciation for this asset in the month I choose)
-Change the life of an asset (Problem-let's say I have computers over 36 months life. Auditors might question why are you depreciation computers over let's say 30 years)
Any suggestions are welcome.
Thank you.
I need to convert fixed assets into asset tiger. Old assets were on a half year convention, we are currently on a straight line method. Asset Tiger is a very straight forward, simple ERP system. There is no option to specify current accumulated depreciation in the system. I have cost, acquired date, life and the system does the work for you. As you may gather this is causing a lot of issues. I need to manipulate the data a bit, not an ideal situation.
Basically my question is which way would be better?
-Change the acquired date. (problem-auditors might ask to have a matching depreciation for this asset in the month I choose)
-Change the life of an asset (Problem-let's say I have computers over 36 months life. Auditors might question why are you depreciation computers over let's say 30 years)
Any suggestions are welcome.
Thank you.