You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How out of balance shows in cost summary or detailed reports?

Received Response
edited Aug 6, 2021 8:21PM in Assets 1 comment


One intangible asset and another asset adjusted from invoice is showing out of balance in report


I created an intangible asset with no depreciation with $500,000 value in Jul month. 

Another asset was added from AP invoice. The AP invoice Asset was added in June month with $140 cost and adjusted in July month with -$50 cost. Thus current NBV is $87.5 ($2.5 went to depreciation reserve after depreciation was run in July). I don't see any Depreciation line for Jun and July month. I ran depreciation as well as Create accounting for the Jul month.

These both Assets are shown as Out of Balance in Cost Detail report. There is 0 beginning and ending balance for these lines. What is the reason for that?

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!