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Former Member
Nov 20, 2008 at 07:59 AM

Fixed Assets entries - Public Sector

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Hello!

I'm trying to better understand how Fixed Assets entries work in SAP for Public Sector, according to the requirements of different basis of accounting, full and modified.

Traditionally, governmental funds don't report fixed assets but expensed them. Then these expenses are "converted" to fixed assets in the government-wide statement through the conversion entry.

Now, in SAP, the entries are recorded ONCE for both basis of accounting, full and modified. Then the Contra account is used to balance the Modified basis entry, but it should be "ignored" (not picked up) in the Trial Balance.

So, my question is: how to balance the Trial Balance if one entry is supposed to be one side entry? what account in the rest of the Trial Balance should the Contra account be added to in order to balance it?

Confusing?

Yes, as mud!

Thanks so much for any help.

Carol