passed non reco entiry

[former_member583520]

Hi,

As a part of closing step in SAP the total of Asset Balances in Asset Register & GL account should match each other. In sept 08, there was a mismatch to the extent of Rs 25131where Asset Register showed more balance in Accumulated Depr as compared to in GL account. On scrutiny we found that the difference was with Asset No 300084017. This asset was capitalised on 03.06.2008. However importation expenses on the asset was capitalised in Sept 08 with asset value date of 03.06.08 ( using SAP T code FB01). As a result the Asset Register computed depr for the last 4 months ( Jun to Sep ) which was not posted in GL account & hence the diff.

Although we passed non reco entiry for the month to match Asset Register with GL balance, however our concern is whether the differences would be wiped out in Oct closing.Pls let me know how we proceed in this.

Thanks and Regards,

Revathi

[Former Member]

No need to do anything if the value date assigned is correct. You next depreciation run should be able to post a catch-up adjustment for the past 4 periods.