How to correct the purchase value that entered wrong? The batch is finalized. We're using JVS transaction to create a new fixed asset. How can we fix this before running the depreciation? Please advise

Thank you,

hello,
Modify the purchase value in tables tffas007, tffas020, then you can run depreciation without problem. You have to modify tfgld106 too and then execute the session tfgld3203m000.

Can I do JVS to reverse the amount instead of GTM to those tables?

You should use the disposal procedure to register the new status of the asset in FAS, you can dispose with “sales invoice transaction” or with “journal transaction” it’s important to work with a ledger account with “disposal” in fixed asset integration parameter (tfgld0108m000)

Bkkland

I am not sure if Baan IV has a revaluation session. When we record Assets incorrectly (rare) we use an Asset Revaluation transaction. The financial postings can be directed against the Asset account and a Revaluation account.

This Revaluation account can be any ledger account you want to use.

I am currently using Baan 5B and it uses the Revaluation session.
If you need any further information please let me know.

Cheers

Norman

you can just make another investment for the same fixed assett to correct the value with minus or plus. in other words just make another JVS transaction and choose the investment account as before.

also negative values possible if your transaction type allows this.

We never use the Revaluation session. I was checking it but trying to use the easier way to resolve this issue. :)

Anyway...Thank you All. I tried it with the negative value through JVS in the testing company. It seems working OK.

Thanks again :)