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Doing YE entries and the accountant would like me to change a couple purchases from Class 6 to Class 8. did the JE to cr.1820 and dr.1830 but when I go into Setup>Capital Assets > select the asset and hit delete I get this error. Have I missed a step ? https://uploads.disquscdn.c...
Hi Jody! The general journal entry doesn't affect anything other than the actual balance sheet account as there's no link from there to a specific capital asset. Should delete that portion of the JE by either editing and deleting those lines or if it was a single entry to those two accounts then you can simply reverse the entire JE. To complete that adjustment, find the original transaction entry, do a full edit on it, delete the original C+ line that put the asset to class 6 and add a new C+ line to assign the capital asset to Class 8 instead. When you do it through the transaction entry, it knows which capital asset you are adjusting and so the capital asset list and CCA schedule are all updated accordingly. If you need help doing that, give us a call at 1-800-667-7893