Why does FAM 2020 show 2023 as the earliest date for reports?

Forum|Forum|5 years ago
May 14, 2021
1 reply
12 views

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.

ProSeries Professional

This topic has been closed for replies.

Best answer by heidis

Click on Tools and choose Recalculate All Assets. I believe that will correct the accumulated.

H

heidis

Level 4

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.

D

david3Author

Level 7

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.

H

heidisAnswer

Level 4

Click on Tools and choose Recalculate All Assets. I believe that will correct the accumulated.

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