Accounting Entries for Revalued Assets for the Depreciation Event Type are out of balance for the Periodic Depreciation Revaluation Amortization and Will Not Transfer to GL (Doc ID 2764514.1)

Last updated on DECEMBER 21, 2022

Applies to:

Symptoms

When attempting to run Create Accounting -- Assets to account for Depreciation events the following error occurs for some events:

Error
Line Error Number Error Message
0 The subledger journal entry does not balance in the entered currency. Please verify the entered amounts on the journal entry lines.

This will be seen in the Errors section of the Create Accounting - Assets output file for the period in question.  While this error will occur whether the user has set the program's Transfer to GL parameter to either Yes or No, if Yes, this will also prevent the items from transferring to GL.

Upon review, it is determined that the assets which are failing have previous revaluations on them, and the Periodic Depreciation Revaluation Amortization portion of the entry is missing.  Further, when comparing the journal for the same assets' depreciation journal from earlier periods, the earlier entries are not out of balance.  User confirms no changes have been made to the Journal Line Definitions with the Application Accounting Definition in Subledger Accounting.

Steps to replicate:

1)  Using the menu path Other:  Requests:  Run, run the concurrent request Create Accounting -- Assets to account for periodic activity.

2)  Review errors on report output.

Changes

 Upgraded from a version where the UK Local Authority Revaluation and Impairment Enhancements were not present, to or past a version in which they are present.

Cause

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