The final blog in a series about how to identify, research, and ensure that the fixed asset subledger always ties to the GL.
The third installment in the AA-to-GL Reconciliation blog series talks about some other useful SAP programs that can help you get through this issue.
Have you found an Asset-to-GL reconciliation issue in your ECC system? How do you confirm it? More importantly, how do you fix it? SAP has some built-in program to assist but there are several more you can download that assist with this effort!
It's so important that the fixed asset subledger reconciles to the GL. But since they are designed with a subledger-to-ledger relationship, shouldn't they always be in sync? Doesn't SAP have special reconciliation accounts to ensure that they are? Read this blog to see why this isn't always the case and...
Watch this to get a better understanding of SAP's EPPM solution for Capex Projects
This part of the revaluation blog series on AR29N goes into a specific example of how an asset can be revalued and the values tracked correctly.
If you're here then you probably already know about how the IRS has a separate depreciation schedule for passenger vehicles (including electric vehicles). This was referred to as luxury auto depreciation. This blog will show you that it can easily be done in SAP.
This second blog in the Asset Revaluation AR29N series covers some specific items on why SAP's solution is the preferred method for asset revaluation.
SAP can easily handle US tax depreciation requirements. In this blog, I'll show how the US Mid-Quarter convention works.
If you work in the capital accounting area long enough then you’ll eventually have to handle a fixed asset revaluation. There are many factors that make this process complex, political, detail oriented, and worthy of your attention.