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Fixed Assets - EBS (MOSC)

How to adjust Revaluation Reserve amount for an asset (that was amortized using JV's)

Sep 23, 2015 7:14AM edited Oct 5, 2015 3:49PM in Fixed Assets - EBS (MOSC) 2 commentsAnswered

We stopped amortizing the revaluation surplus of our assets from system after June-2013.

Instead we began amortizing it directly in GL using JV's (this was our requirement)

This naturally caused the revaluation surplus of assets in FA module (shown in Financial Inquiry) and that on our manual books to differ.

Now we want to resume amortization from system.

For this purpose the Revaluation Reserve of assets in system (shown in Financial Inquiry) needs to be reduced to bring it equal to the balance in GL.

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