Deductions from Assets: Related Report

In the following section, you can find details about a report that you may want to review to gather information about additions to and deductions from fixed assets.

Note: If you do not see a particular report or form that is described, you may have signed in to the system with a user account that does not have access rights to the report or form. Contact your system administrator to obtain access to any needed reports or forms.

Reviewing Reconciliation History

You can review the reconciliation history of a particular asset by running the Reconciliation History by Account (FA620020) report.

The report shows the transactions that have been posted to a selected account in a specific period. For each transaction, you can see the original amount of the transaction, the amount that was reconciled with a particular fixed asset, and the open amount, which is still available for reconciliation.

A positive amount means that this transaction debits the selected account and could be reconciled as an acquisition of the asset or an addition to the fixed asset's cost; a negative amount means that this transaction credits the selected account and could be reconciled as a deduction from the fixed asset's cost. Below each transaction, you can see the list of the fixed assets that have been reconciled with the transaction.