9.2 Adjusting Accumulated Depreciation

Purpose:  Use this document to adjust accumulated depreciation in ctcLink.

Audience:  Finance

You must have at least one of these local college managed security roles:

  • ZZ Depreciation Processing

If you need assistance with the above security roles, please contact your local college supervisor or IT Admin to request role access.

Adjusting Accumulated Depreciation

Navigation:  NavBar > Navigator > Asset Management > Depreciation > Processing > Adjust Accumulated Depr

  1. The Asset Depr Accum Adjustment search page displays.
  2. Enter Business Unit.
  3. Enter Asset Identification.
  4. Select Search.
Asset Depreciation Accumulated Adjustment search page
  1. The Depr Accum Adjustment tab displays.
  2. Use the Trans Date field to display the date of the transaction for adjusting accumulated depreciation.
  3. Use the Acctg Date field to display the date of the transaction is posted to the general ledger.
  4. Enter an amount in the Depr Accum Adjustment field.
  5. Use the Year to Date Depr Adjust field to specify the accumulated depreciation adjustment amount.
  6. Select Save.

When adjusting accumulated depreciation, you need to ensure that each book is adjusted separately.  View the adjustments made to the accumulated depreciation.

  1. Select Asset Depreciation.
Depreciation Accumulated Adjustment tab
  1. The Period Depreciation tab displays.
  2. View the adjustments made to the accumulated depreciation.
Period Depreciation tab
  1. Process complete.

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