- Contents
- Index
- Search
Display results with all search words
Write-off
This section details the GL posting for debit and credit transactions for a FA Write-Off transaction.
| (a) | If the FA Module Control option GL update depreciation to branch on asset is not selected: |
| Debit [book value] | GLControl.FALossWriteOffAccount
MyAsset.myProfitCentre.glAccountStructure MyAsset.myProfitCentre.myBranch.glAccountStructure MyAsset.myBranch.glAccountStructure FAControl.myDefaultProfitCentre.myBranch.glAccountStructure GLControl.suspense |
| Credit [cost] | MyAsset.myAnalysis.CostAccount
MyAsset.myProfitCentre.glAccountStructure MyAsset.myProfitCentre.myBranch.glAccountStructure MyAsset.myBranch.glAccountStructure FAControl.myDefaultProfitCentre.myBranch.glAccountStructure GLControl.FACostAccount GLControl.suspense |
| Debit [depreciation] | MyAsset.myAnalysis.ProvisionForDepreciationAccount
MyAsset.myProfitCentre.glAccountStructure MyAsset.myProfitCentre.myBranch.glAccountStructure MyAsset.myBranch.glAccountStructure FAControl.myDefaultProfitCentre.myBranch.glAccountStructure GLControl.FAProvisionForDepreciationAccount GLControl.suspense |
Debit [value of accumulated revaluations - if applicable]
GLControl.FARetainedEarningsAccount
Credit [value of accumulated revaluations - if applicable]
GLControl.FARevaluationReserveAccount
MyAsset.myProfitCentre.glAccountStructure
MyAsset.myProfitCentre.myBranch.glAccountStructure
MyAsset.myBranch.glAccountStructure
FAControl.myDefaultProfitCentre.myBranch.glAccountStructure
GLControl.suspense
| (b) | If the FA Module Control option GL update depreciation to branch on asset is selected: |
| Debit [book value] | GLControl.FALossWriteOffAccount |
|
MyAsset.myBranch.glAccountStructure MyAsset.myProfitCentre.glAccountStructure MyAsset.myProfitCentre.myBranch.glAccountStructure FAControl.myDefaultProfitCentre.myBranch.glAccountStructure GLControl.suspense |
|
| Credit [cost] | MyAsset.myAnalysis.CostAccount |
|
MyAsset.myBranch.glAccountStructure MyAsset.myProfitCentre.glAccountStructure MyAsset.myProfitCentre.myBranch.glAccountStructure FAControl.myDefaultProfitCentre.myBranch.glAccountStructure GLControl.FACostAccount GLControl.suspense |
|
| Debit [depreciation] | MyAsset.myAnalysis.ProvisionForDepreciationAccount |
|
MyAsset.myBranch.glAccountStructure MyAsset.myProfitCentre.glAccountStructure MyAsset.myProfitCentre.myBranch.glAccountStructure FAControl.myDefaultProfitCentre.myBranch.glAccountStructure GLControl.FAProvisionForDepreciationAccount GLControl.suspense |
|
Debit [value of accumulated revaluations - if applicable]
GLControl.FARetainedEarningsAccount
Credit [value of accumulated revaluations - if applicable]
GLControl.FARevaluationReserveAccount
MyAsset.myBranch.glAccountStructure
MyAsset.myProfitCentre.glAccountStructure
MyAsset.myProfitCentre.myBranch.glAccountStructure
FAControl.myDefaultProfitCentre.myBranch.glAccountStructure
GLControl.suspense