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Fixed Assets CS: Advance changes from a prior period to the current period using Overwrite
Overwrite
This option will bring forward all changes by overwriting the next period, meaning that any information that was inputted in the next period, such as asset acquisitions and dispositions, will be gone. Since each period is a continuation of the prior period, overwriting will also eliminate all other depreciation periods that existed.
For example, consider a client with the 2014, 2015, 2016, and 2017 periods. If the 2014 period is reclosed to the 2015 period and the overwrite options selected, the 2016 and 2017 periods will be gone after the process completes. Only the 2014 and 2015 periods will be present and the client would have to be closed again to create a new 2016 and 2017 period.
All of the acquisitions and dispositions that were inputted in the original 2016 and 2017 periods will be gone. Once a period has been overwritten, there is not a way to undo this action within the application; a backup would have to be restored to return the data to the state it was before overwriting.