Change of Reconciliation GL account for Asset

[former_member218048]

Dears

We want to change the reconciliation account set for Accumulated depreciation for an asset class.

Because the Acquisition GL and Accumulated depreciation are set the same by mistake long time back.

But since already this asset class has asset master records created and posted, system does not allow to change it.

What is the best way we can achieve this ?

[declan_bolger · Accepted solution]

Hi Nikki,

Generally it is not recommended to change the Reconciliation account for any subledger account if it can be avoided at all. This is why you get the error message when you try to change it, and with good reason since this can lead to inconsistencies when trying to reconcile account balance with line items since a full reconciliation between the two would not then be possible. This can be evident when one set of data is selecting the line items via current masterdata selections and another by the existing account entry in the line item (old masterdata).

In general, to change recon accounts for a subledger is a tricky task and could be considered to be a conversion project that would require an experienced consultant to carry out the changes.

Kind regards,

Declan

[former_member200703]

Hi

could i suggest to create new Asset Class with correct GL's and use LSMW to transfer all asset master data of the old asset class which is not correctly assigned to GL to the new ones.. i guess this would help you..

Regards

Mahmoud El nady