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• My prior year's Book Value Total Depreciation amount no longer matches my current year's LTD depreciation amount.  The Total Depreciation column on the book value is LTD + FTD so once I close the year, the new year's LTD depreciation should equal the prior year's Total depreciation.  Why doesn't it balance?
  • There could several reasons why these totals may no longer agree
    • First, ensure the prior year's fiscal year has been closed.  LTD depreciation does not get updated until a fiscal year is closed.
    • If the prior year has been closed or you are comparing the current year report to a Classic generated EIS305,
      • if any non-cap items were deleted (removed) from Inventory, those items will no longer be included in the current year Book Value 
      • making changes to any fields that are involved in the LTD depreciation calculation and then running the 'depreciate' option.  These would include depreciation method, beginning date, salvage value, life expectancy and updates made to original cost.
      • posting depreciation adjustments for existing items 
• Why is the Audit Report showing No Data Returned? 
• The Audit Report runs based on the system dates (timestamp), not transaction dates. If there was no activity that occurred within the start/stop dates entered the report will show No Data Returned. 
• This report will only show activity that happened in Redesign, not Classic. If the date range is prior to the district migration to the Redesign Inventory the report will show No Data Returned.

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Transfers 

• Why would I need to check the error adjustment?
  • If the transfer is for a capitalized assets and was supposed to be created in a prior year (and the prior year is archived or you prefer not to re-open it), you can add the transfer in the current year and by checking the error adjustment, the original cost of the asset will included in the adjustment column on the GAAP Schedule of Change reports.

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