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I just upgraded to AgAnalst 2017 and was looking at how to add depreciation amounts as my CCA is behind by a couple years. I found how to do it in the online community but when I went to my accounts, I found that I have no accumulated depreciation accounts. Looking for advice on how to set them up and link to the class 6, 8, and 10 asset accounts.
Hi Wendell. Unless your accountant is requesting that you set up the accumulated depreciation accounts, you should just ignore the message stating that they must be separate from your book value account. If you have been using Analyst for years then your file would have been set up using a single account system rather than the dual accounts we use today. This just means that purchases, sales and depreciation are all posted to the same account. When setting up your CCA schedule, simply assign the same account to both the book value account field and the accumulated depreciation field. The program will squawk at you but as I said, just click ok and ignore that message. There is nothing wrong with the way that your accounts are structured.