I am recording my JE from my accountant and I have to adjust Accum Dep values. When I try to do this under the General Journal it tell me the CCA report wont show the new values. Where am I suppose to update the values the accountant wants me to use.
Thanks in advance!
Hi Ramona, You’re doing it in the right place. Just click ok on that message and continue with the entry. When you go into the new year you can then go to Setup > CCA/Depreciation and set the next yesr’s beginning balances. Note that setting those balances is only necessary if you use the CCA/Depreciation report to forecast depreciation each year.