If when producing the Asset Book Value report there is a difference entry between the TB Check Value and the Live Value, it may be linked to a bug in versions of Safe Financials prior to 5.6.5.
In versions prior to 5.6.5 the Asset Book Value calculates the YTD depreciation incorrectly. It is supposed to be calculating YTD depreciation, plus transferred depreciation, less depreciation transferred out. If you are reporting on a period for which the depreciation has not yet been generated, it needs to calculate it first and this is not happening.
Because of this and other small issues with the report, there can be small differences throughout the report. To resolve this permanently an upgrade to 5.6.5 or later is required.
Once an upgrade to 5.6.5 has taken place, you will need to write off the difference which has been historically calculated as the upgrade will not recalculate historic values with new data.
An upgrade of Safe Financials will be done by our Professional Services team and this will be chargeable. Support will liaise for your with colleagues in the Professional Services team. Therefore, to get a quote for this work please contact us reference the title of this article and please include the following details:
The version you are currently using
The version to upgrade to
The person to contact to arrange the upgrade.