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

[david3]

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.

[heidis]

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.

[david3]

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.

[heidis · Accepted solution]

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

[david3]

That worked!

Thanks so much for your help.