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Depreciation on Reports does not agree to GL

We ran various reports but they don't agree to the GL. Seems like all the reports that give you depreciation by Asset class are using planned depreciation and not posted depreciation. I pinpointed the problem to some assets that are in the last year of depreciation and since we have the smoothing method, it appears that it recalculates the posted depreciation spreading the balance over the entire 12 months (even if the useful life expires in period 3). However the Planned depreciation is still assuming that the depreciation ends in period 3.

Is there a problem with the Planned depreciation or posted? If neither, what depreciation report that runs by asset class can we can use for our auditors that will tie to the GL?

Thanks for your help!!

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  • Best Answer
    Posted on Dec 14, 2011 at 05:10 PM

    Hi

    you can use RAGITT01, but you should select "posted depreciation" in the selection screen of the report.

    BR

    Blaz

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    • Former Member Blaz Lokar

      Thanks Blaz. Do you know if there is an Asset Balance report that uses the Posted Depreciation vs. Planned for the Accumulated Depreciation? This is another area that our Accounting group is trying to reconcile to the GL each month but can't because of the differences between planned and posted.

      Julie

  • Posted on Dec 14, 2011 at 05:44 PM

    For audit point of view asset history sheet at S_ALR_87011990 and selecting postied depreciation check box displays the actual depreciation posted. Actual depreciation for the current period is nothing but, depreciation upto the current period less depreciation posted upto previous period. it means system calculates depreciation every month (including previous months)after considering any changes.

    Srinivas

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