[Mveca_usas] FW: Inventory GAAP reporting issues

[Ashley May]

Good Afternoon,

Please see the important communication below from SSDT. As soon as we see the hotfix release we will provide an update.

Thank you,

Ashley May
Fiscal Software Support
Miami Valley Educational Computer Association
937-767-1468  x3121
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Not-for-profit Technology Services for Education and Local Governments



________________________________
From: Jodi Becher
Sent: Monday, November 14, 2022 1:53:44 PM (UTC-05:00) Eastern Time (US & Canada)
To: ssdt_notices at nwoca.org<mailto:ssdt_notices at nwoca.org>
Cc: Jodi Becher
Subject: Inventory GAAP reporting issues
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe.
Good afternoon,

We want to make you aware of a couple of known problems we are currently working on in Inventory that are impacting balancing GAAP reports.


  *   INV-415:  The Schedule of Change in Fixed Asset and Schedule of Change in Depreciation reports are currently excluding items that have been disposed of in future years. This is showing inflated LTD value for these future year disposed of items.

     *   For example, if you have disposed of capitalized assets in FY23 and are running a FY22 Schedule of Change in Depreciation report or FY22 Schedule of Change in Fixed Assets report, the items that were disposed of in FY23 are being excluded in the FY22 reports.

  *   INV-420: The beginning and continuing items columns on the Schedule of Change in Depreciation report are currently including future depreciation amounts.  If the fiscal year has been closed, the LTD depreciation amounts have been updated. However, if districts run the Schedule of Change in Depreciation report, it will include the updated LTD depreciation as well as the current year depreciation, causing it to appear inflated.

     *   For example, if you have closed FY22 but you are running a Schedule of Change in Depreciation report for FY22, the additional year of depreciation is inadvertently being included in the FY22 beginning depreciation balance and continuing depreciation columns.

These issues will be corrected via Hotfix 1.27.2 and we anticipate this being available by the end of the week.

Please let me know if you have any questions.
Thank you,

Jodi Becher
SSDT Project Manager |USAS-R, Inventory, USAS & Web-GAAP

P: 614-840-9810  ext 302
E: becher at ssdt-ohio.org<mailto:becher at ssdt-ohio.org>

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