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Legacy asset transfer as of 12/31/2011

We did a legacy asset transfer as of 12 31 2011 and and I am aware that the entry using OASV or OAMK-F-02 needs to be done as of the same date. But for business reasons we may not be able to open the 2011 books to post the entry. Would it causse issuses if we make this entry on 01/01/2012.

I know FI AA will not reconcile, as of the beginnning of the year. but or the year end 2012 it should balance.. correct

Any other issue that I should look for.

Thank you

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    author's profile photo Former Member
    Former Member
    Posted on Feb 07, 2012 at 05:59 PM

    With legacy data transfer from as91 asset balance get updated, but it does not update recon account balance. If you have legacy transfer date have to make entry either through oasv or f-02 after resetting recon account with oamk.

    otherwise as per 31.12.2011 balance sheet asset balance would not come if you make entry on 1.1.2012.

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