Asset reconciliation

Asset reconciliation is used to reconcile one or more asset accounts. Asset additions, adjustments, transfers, and disposals are used to calculate an ending balance, which can be compared to the ledger amount. The report group is used to group the asset and accumulated depreciation accounts for analysis.

This list shows the tabs that are available:

• Period Reconciliations: Use to open a period record. An asset reconciliation that is scheduled for a period shows the amount in the Ledger Amount field.
• Reconciling Items: Use to create reconciling items for the period.
• Asset Amounts: Shows the asset additions, asset adjustments, asset transfers, and asset disposals for the period.
• Ledger Transactions: Shows the general ledger transactions that are posted for that period. You can also create reconciling items and distributions from this tab.
• Non Asset Journal Transactions: Shows any posting to the GL account that did not originate from Asset Accounting.
• Distributions: Use to adjust journal entries, for example, a write-off of an item and amount.
• Comments: Optionally, provide comments.