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I was having problems finding a client file in FAM 2020 and thought I needed to close the client file in FAM 2019. I closed the client's 2019 year several times.
Finally my IT guy was able to find the 2019 FAM client file in my directory (a FAM quirk evidently) and I transferred the client file into FAM 2020.
However, the earliest report date I can run is 2023. I'm guessing this is because I closed the client's 2019 FAM year several times.
How do I fix this so that the depreciation reports will run for 2020 so I can check against the totals in PS 2019 tax program?
Thank you.
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It sounds as though the year got rolled forward, as you said. Click on File and choose Client Properties. You will see the beginning and ending year dates which I suspect will show 2023. You can change here.
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Thanks, Heidi.
I can now run a report dated 12/31/20. However, the accumulated depreciation appears to still include the additional years rolled over.
I tried finding a way to adjust the accumulated depreciation but don't see how and I don't want to mess up FAM anymore.
Do you know how to correct the accumulated depreciation amount? All other amounts are correct.
Thank you.
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Click on Tools and choose Recalculate All Assets. I believe that will correct the accumulated.
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That worked!
Thanks so much for your help.
