Dear Bharath, thank so much for sharing your knowledge with the community, data migration is a critical and complex task which causes so many projects to get delayed. Fixed assets being amongst the most complex of all data streams. I was thinking, why not use the 'Migrated asset' feature to let the system update the actual Acquisition date itself, instead of reimporting the Books? Thanks again for everything that you do
Thanks Bharat for this, I use the current date for acquisition of asset and i then reupdate the books but when I run my Tb the acquisition cost is showing in the current year instead of the original year of acquisition. your videos are very helpful
@@eunicechibuzor94 Hi, the acquisition date is only to represent in the FA module. Posting date is when balance gets updated. Ideally we will post for current period only
@@santoshsurti30 I am posting accumulated depreciation to dummy account, but if you want to use proposal then you need to set up posting profile accordingly and change it once migrated. Also while running proposal you need to enable summarized.. So best practice is to upload through data management
Great video, thanks! Quick question. We did a very similar example on our system and found that when we try to run the depreciation with having only 3 months left to depreciate, it depreciated the complete balance on the first depreciation month. Does that occur on your example? Since your example doesn't show the depreciation step, I'm curious. Again, thanks for the video!
@BharathJainD365 Makes sense. Though I don't think I explained correctly. Issue I'm seeing is when running the "Fixed assets future depreciation" report, it depreciates the remaining three months in June, instead of splitting between June, July, and August.
Dear Bharath, thank so much for sharing your knowledge with the community, data migration is a critical and complex task which causes so many projects to get delayed. Fixed assets being amongst the most complex of all data streams.
I was thinking, why not use the 'Migrated asset' feature to let the system update the actual Acquisition date itself, instead of reimporting the Books? Thanks again for everything that you do
Great video its very useful for new migration procee thanks for sharing
@@rishidurgeshsrinath7922 Thanks for the feedback
Thanks Bharat for this, I use the current date for acquisition of asset and i then reupdate the books but when I run my Tb the acquisition cost is showing in the current year instead of the original year of acquisition. your videos are very helpful
@@eunicechibuzor94 Hi, the acquisition date is only to represent in the FA module. Posting date is when balance gets updated. Ideally we will post for current period only
Hi, Bharath, I am new to your channel and I must confess that your videos are very informative. Thank you so much.
@@ngahntanyele5463 Thansk for the feedback, good to hear it’s helping you
Perfect demo… just query instead of loading depreciation journal, you can create proposal to get the lines into journal
@@santoshsurti30 I am posting accumulated depreciation to dummy account, but if you want to use proposal then you need to set up posting profile accordingly and change it once migrated. Also while running proposal you need to enable summarized.. So best practice is to upload through data management
@@BharathJainD365 Ok got it.. it depends on requirements.. thanks for Sharing this.. keep it up
Bhai it's our trade secret 😜
If possible in the next video how to migrate vendor, customer and bank accounts balance from the legacy system. Thanks in advance
@@rishidurgeshsrinath7922 I will definitely consider that
@@BharathJainD365 thank you so much very much helpful for any Consultant
Great video, thanks! Quick question. We did a very similar example on our system and found that when we try to run the depreciation with having only 3 months left to depreciate, it depreciated the complete balance on the first depreciation month. Does that occur on your example? Since your example doesn't show the depreciation step, I'm curious. Again, thanks for the video!
@@jdp9652 ideally, it should calculate only for 1 month. Check the depreciation amount and dates
@BharathJainD365 Makes sense. Though I don't think I explained correctly. Issue I'm seeing is when running the "Fixed assets future depreciation" report, it depreciates the remaining three months in June, instead of splitting between June, July, and August.