Fixed Asset Reconciliation
General Ledger to Fixed Assets
Left with more questions than answers when you try to reconcile Fixed Assets? No problem. Insight Reconciler has all the answers:
Challenge:
Has all the General Ledger (GL) activity in my asset accounts been properly submitted, posted and classified to the appropriate asset?
Solution:
Insight Reconciler shows all the GL activity in asset accounts and identifies how these transactions have been represented in the Fixed Assets system.
Challenge:
The Fixed Assets don’t balance to the GL, but we’ve been live on JD Edwards for years. Where do I start?
Solution:
View only those accounts or assets that have variances in the current month or for any period in the past. Highlight any GL entries that were intentionally skipped in the Fixed Assets system.
Challenge:
There's no Fixed Asset transaction file. How do I make sure that the GL balances, GL transactions and the Fixed Asset balances all reconcile to each other?
Solution:
Insight Reconciler allows you to see all of this information at a detailed journal entry line item, asset number or summarization.
Challenge:
Do I have to sort through hundreds of pages of accounts and account activity in order to find my variance?
Solution:
No. You can set SmartViews to show all activity, or just the variances and exceptions.
Challenge:
Do I have any Fixed Assets entries not in the correct account ranges or that have been incorrectly defined?
Solution:
Correct any setup issues by proactively monitoring the Fixed Assets Automatic Account Instructions (AAIs) to see what accounts are being selected for different transaction types.
