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

Last updated on DECEMBER 11, 2023

Applies to:

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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