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Former Member
Dec 04, 2009 at 11:37 AM

Write up postings not tallying between GL and Asset reports

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Hi,

Asset details start of the year 1-1-2009

Useful life 10 months.

Acquisition - 1000

Monthly depreciation amount - 100 starting from 1-1-2009

Till March end the total depreciation posted is 300

In April 2009 a write up of 30 was posted with asset value date of 1-1-2009

Now the accumulated depreciation amount shown in the monthly asset balances report (S_ALR_87011963) from Jan to March is short of the write up value of 30 when compared with the Accum depreciation GL account balance report. I believe this is because the write up posting's asset value date is 1-1-2009 hence this write up amount is decreased from the depreciation posting of Jan to April.

However the problem is in the month of April, this difference of 30 between both reports should have been eliminated because the write up value of 30 is appearing in the debit side of GL account balance in april hence eventually should bring both reports in tandem in the month of April. But this is not happening. What happens is that the system takes the accum depreciation amount of 382 and deducting 30 from it and showing 352 in the asset balance report accum depreciation field. May i know the reason for this :-

Accum. Depreciation GL account balance :-

Jan = (CR) Monthly depreciation : 100, Accum. depreciation : 100

Feb = (CR) Monthly depreciation : 100, Accum. depreciation : 200

March = (CR) Monthly depreciation : 100, Accum. depreciation : 300

April = (DR) 30 (CR) Monthly depreciation : 112, Accum. depreciation : 382

  • The april's monthly depreciation posting includes the prorated depreciation for the write up amount as well which is 12 from Jan to April.

Monthly asset balances report (S_ALR_87011963)

Jan = Accum Depreciation : 70

Feb = Accum Depreciation : 170

March = Accum Depreciation : 270

April = Accum Depreciation : 352