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

Impairment transaction adjustment not showing in reserve summary report

in Assets 3 comments

Summary:

Hi Team,

FA team is facing an issue with the reconciliation of Accumulated Depreciation account which is being used as impairment reserve account for impairment transaction.

Impairment is completed in FA and posted as a journal in GL (See screenshot) which is showing correctly in the trial balance report. But the same activity is not shown in the reserve summary report (see screenshot). As a result, period ending account balance for the Accumulated Depreciation account (12202) in reserve summary report is not matching with trial balance from GL.

Any idea why is the impairment reserve posting is not visible as a adjustment in reserve summary report?

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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