I HAVE DEPRECIATED ALL MY FIXED ASSETS FOR THE YEAR. I WENT TO PERFORM THE YEAR END CLOSE AND GOT THIS MESSAGE:
"ASSETS HAVE NOT BEEN FULLY DEPRECIATED THROUGH THE LAST DAY OF THE CURRENT FISCAL YEAR. DO YOU WANT TO CLOSE THE YEAR?"
I HESITATE TO FORCE THE CLOSE WITHOUT KNOWING WHY IT GAVE ME THIS MESSAGE. I TRIED RUNNING THE COMPLETE DEPRECIATION PROCESS AND GL POSTING. NOTHING CAME UP. I VERIFIED THAT THE FIXED ASSET YEAR MATCHED THE FISCAL YEAR. THERE ARE ONLY 12 PERIODS. I DON'T KNOW WHAT COULD'VE HAPPENED.
THE ONLY THING THAT HAPPEND THIS YEAR, WAS THAT AT THE END OF THE YEAR I HAD TO CHANGE SOME OF THE 179 DEDUCTIONS WE HAD TAKEN IN PREVIOUS MONTHS. I JUST WENT IN AND ADJUSTED EVERYTHING TO MATCH WHAT OUR CPA HAD. THEN I RAN DEPRECIATION BUT DID NOT POST TO THE GENERAL LEDGER. I HAD TO MAKE JOURNAL ENTRIES TO MATCH THE TOTAL DEPRECIATION OUR CPA HAD FOR THE YEAR.