Reconciling or Adjusting Conversion GL Depreciation Reserve to Fusion Fixed Assets Depreciation Reserve (Doc ID 2097113.1)

Last updated on MARCH 01, 2017

Applies to:

Oracle Fusion Assets - Version 11.1.10.0.0 and later
Oracle Fusion Assets Cloud Service - Version 11.1.10.0.0 and later
Information in this document applies to any platform.

Goal

Conversions from two different sources will always cause differences between the balances of the Fixed Asset Depreciation Reserves.
In order to be able to reconcile, what is the best practice of making adjustments and reconciling?

Scenario:  Legacy General Ledger Depreciation Reserve Balance is much higher than Fixed Asset Depreciation Reserve Balance

Question 1: Is there any way to bring the Fixed Asset Depreciation Reserve Balance down via Fixed Asset Subledger transactions by adding negative depreciation reserve adjustments?

Question 2: What would the manual journal entries look like to bring the General Ledger Depreciation Reserve Balances tie to the Fixed Asset Depreciation Reserve Balances


Solution

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