How to elimininate balance in AA only

[former_member421481]

Hi all,

I need to eliminate a balance in AA only without affecting FI ? This situation has occurred whereby manual postings have been made to FI and double postings to AA. Now I need to eliminate the AA one. I cannot reverse depreciation since management has already closed last year's books.

Thanks for your help.

Nas

[former_member421481]

Hi all,

To everyone who responded to my question, thanks a lot. Here's a detailed description of what happened:

There were certain WBS which could not be capitalised upon the projects being completed in years 2005 to 2007. A new AUC Adjustment Account (GL) was created. New WBS were created and the respective costs were transferred from the old WBS to the new WBS. These costs were then capitalised to the new assets. Hence, the previous AUC still has the amounts already settled from the previous WBS.

In December 2008, the new AUC Adjustment Account has been eliminated in FI, but the corresponding entries have not been made in Asset Accounting (AA). Hence, the asset balances still show the total value, including the amount already capitalised under the AUC Adjustment Account. Since then, every month to reconcile the asset balances with FI, we have to prepare a list, in excel, to exclude the assets which have already been capitalised under the AUC Adjustment account.

I hope is is clear and waiting for possible solutions from you all.

Thanks and regards,

Nas

[Former Member]

Hi,

Can you please inform me about both the entries that you have passed in Fi and AA.

So that i can provide some alternative solution to fix the issue.

More over you can use transaction ABST to reconsile the FI and AA, there you will find the differences, which are lying in the asset recon accounts.

Awaiting for your reply.

Thanks,

Srinu

[former_member421481]

Hi,

Thanks for your response. Here's a detailed description of what happened:

There were certain WBS which could not be capitalised upon the projects being completed in years 2005 to 2007. A new AUC Adjustment Account (GL) was created. New WBS were created and the respective costs were transferred from the old WBS to the new WBS. These costs were then capitalised to the new assets. Hence, the previous AUC still has the amounts already settled from the previous WBS.

In December 2008, the new AUC Adjustment Account has been eliminated in FI, but the corresponding entries have not been made in Asset Accounting (AA). Hence, the asset balances still show the total value, including the amount already capitalised under the AUC Adjustment Account. Since then, every month to reconcile the asset balances with FI, we have to prepare a list, in excel, to exclude the assets which have already been capitalised under the AUC Adjustment account.

I hope is is clear and waiting for possible solutions from you.

Thanks and regards,

Nas

[former_member695461]

Hello CEB software team.

In order to eliminate a particular balance in AA you would need to do the following.

1. post rectification transaction from AA. this will hit your FI ledger. Post a manual entry to nullify the effect in FI only.

hope this helps

Thanks

Sanjeev

[Former Member]

Hi,

Can you please elaborate your case so that we can understand.

Regards,

Pankaj.

[Former Member]

Hi

You only can adjust posting only in AA in case of opening/migrated values via AS92 and not for the day to day transactions mismatch in FI and AA.

Let us know manual FI postings , what postings you have made in FI. And what you have excuted via AA, so it got double.

Please note you need to post reversal type of entries in FI only if their is any mismatch in FI and AA.

If your depreciation got posted excess then have to post writeup (700 ttype) and if dep is less then have to post unplanned dep (640/641 ttype) accordingly.

Cheers

Mukta