Your FA accountant has just performed a disposal and posted the batch. Unfortunately it was for the wrong group of assets. Is there an easy way to undo this disposal? Yes! Read on to find out how. Read more…
As part of the Tax Relief Act of 2010, businesses can use bonus depreciation to immediately write off a percentage of the cost of depreciable property. The new law makes 100 percent bonus depreciation available for qualified investments made after September 8, 2010 and before January 1, 2012. It also continues bonus depreciation at 50 percent, on property placed in service after December 31, 2011 and before January 1, 2013.
If you’re using the JD Edwards Fixed Assets module, you will likely not be able to find existing formulas for the 100% MACRS Bonus Depreciation rules. This article will show how create these rules. If you’re interested in setting up 50% Bonus Depreciation, you can find that article here. Read more…
BiG Consulting Corporation has just completed a 3-day Fixed Assets Assessment for a medical device sterilization company.
The client has been live on JDEdwards 8.11 for several years, and was experiencing multiple issues in Fixed Assets, such as incorrect beginning balances, FA out of balance with GL, and numerous other integrity problems. 3 days was all it took to analyze the situation and come up with both short and long-term solutions to address their issues. Contact us to find out how we can help you.
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