Skip to Content
author's profile photo Former Member
Former Member

GL balances are not matching with Fixed assets ledger

Hi,

Please suggest me regarding this...

The issues is:when the legacy balances are uploaded in to sap there was the mistake.3 assets were entered twice(once in asset class 1250 & once in asset class 1300).It causes the GL balances are not matching with Fixed Asset balances(GL is less than FA).so now the client is asking to make manual entry by removing the recconcilation account settings and post manual entry then keep the reconcilation account as usual.They wanted to reverse the accumulated depreciation for the above 3 duplicated asssets for year 2007 & 2008.

How can i achieve the below:

1.GL balance was not equal (i.e lower) to FA ledger even at the time of go live(FI is lesser than FA)

2.For this i need to post one manual entry in FI-GL with the GO-LIVE date.is it possible? suggest me how to post?

3.After that i need to reverse the accumulated depreciation for the above 3 duplicated assets.how can i do this?

4.After that i need to remove the above 3 duplicated assets,how can i?

Please help me by giving your thoughts regarding this

Thanks

Sap Guru

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Aug 13, 2008 at 04:47 AM

    Hi,

    It is possible to post the adjustment entry from go live date provided you open the posting periods for the pervious year. (However this approach is not recommended for the following reasons - you have closed the books and must have published the results to local authorities. Adjustment now in the past year can cause some trouble from auditors etc. Secondly you are adjusting the GL balance for the last year, so you will have to complete the period end and year end closing for GL balances. So avoid kindly it)

    For your problem - Go to transaction code OASV and post adjustment entry for the current period. Also check if your field status of assets contain field for shutdown of assets. If not change your field status accordingly. Once adjustment is done you shutdown the asset so that it does not post depreciation in future depreciation runs. (this will cater to your need of eliminating the assets. If you retire the asset then you will have to deal with gain or loss on retirement of an asset. If you can accommodate this entry, then you can use this figure in the final adjustment entry.)

    Or Go to transaction code OAMK and set the recon account to post the adjustment entry.

    Reversal of depreciation is not possible in SAP. So the only way to reverse the accumulated depreciation is by changing the recon account or using OASV, and passing adjustment entry.

    regards

    Thomas

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.