Open Balance upload and Reversal of Journals in GL
Dear All,
Can anyone help on how and when to upload Open Fixed Assets and what & how to reverse the journals created by Oracle Assets Sub-Ledger.
Here is my scenario:-
We had a cut-off date of 30 April 2012.
We had loaded the Trial Balance as at 30 April 2012, including all the Fixed Assets Balances.
We uploaded the Open FA as at 30 April 2012. I did create accounting and run depreciation, close period.
In GL, all the balances that were transferred from Oracle Assets, I reversed it by unfreezing the Journal Source in oracle GL.
Is this the correct way of uploading the Open FA...???? (as we are unable to reconcile GL-FA Balances)
Can anyone help on how and when to upload Open Fixed Assets and what & how to reverse the journals created by Oracle Assets Sub-Ledger.
Here is my scenario:-
We had a cut-off date of 30 April 2012.
We had loaded the Trial Balance as at 30 April 2012, including all the Fixed Assets Balances.
We uploaded the Open FA as at 30 April 2012. I did create accounting and run depreciation, close period.
In GL, all the balances that were transferred from Oracle Assets, I reversed it by unfreezing the Journal Source in oracle GL.
Is this the correct way of uploading the Open FA...???? (as we are unable to reconcile GL-FA Balances)
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