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Re: Depreciation

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February 08, 2011 05:24PM
If your accountant handled it like mine. He didn't expense the item he simply took 100% depreciation through a section 179.. Which simply means you have to adjust your accumulated depreciation. A control edit of the item (support will have to give you instructions on how to access) while in asset depreciation screen on the item you have listed will allow you to adjust those balances and offsetting entries to match your accountant.... another reason I am never in a hurry to close out the previous year.... I go ahead and add my next fiscal year checks often waiting until taxes are all done and I have a trial balance from my accountant to match up before I close out the previous year.



CoryFebruary 03, 2011 01:17PM

Re: Depreciation

Lyle VonSpreckelsenFebruary 08, 2011 05:24PM

Re: Depreciation

Kathy ClineFebruary 03, 2011 05:06PM

Re: Depreciation

CoryFebruary 07, 2011 09:46PM

Re: Depreciation

Kathy ClineFebruary 08, 2011 03:44PM

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