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FA To GL Reconciliation in R12

This document discusses how to reconcile fixed asset accounting reports with general ledger accounts in Oracle R12. It provides steps to reconcile asset cost accounts, CIP cost accounts, reserve accounts, depreciation expense accounts, and mass additions by matching balances and amounts between fixed asset and general ledger reports.

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579 views10 pages

FA To GL Reconciliation in R12

This document discusses how to reconcile fixed asset accounting reports with general ledger accounts in Oracle R12. It provides steps to reconcile asset cost accounts, CIP cost accounts, reserve accounts, depreciation expense accounts, and mass additions by matching balances and amounts between fixed asset and general ledger reports.

Uploaded by

devender143
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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FA TO GL RECONCILIATION IN

R12
Posted by Raju ERP
FA To GL Reconciliation:
You can use reports to reconcile journal entries to your general ledger accounts. This
section illustrates the relationships among Oracle Assets accounting reports.
You can use reports to reconcile journal entries to your general ledger accounts. The
following sections illustrate the relationships among Oracle Assets accounting reports:
Reconciling Journal Entries to General Ledger Accounts,
Reconciling Asset Cost Accounts
Reconciling CIP Cost Accounts
Reconciling Reserve Accounts
Reconciling Depreciation Expense Accounts
Tracking and Reconciling Mass Additions
Reconciling Journal Entries to General Ledger Accounts
Use the Unposted Journals Report in Oracle General Ledger, to match GL batch totals
with the asset batch totals found in the Subledger Accounting Account Analysis report.
Related Topics
Unposted Journals Report, Oracle General Ledger
Account Analysis Report
Reconciling Asset Cost Accounts
Steps to reconcile asset cost accounts:
1. In Oracle General Ledger, match the ending balances in the Detail Trial Balance report with
the ending balances in the ledger Subledger Accounting AccountAnalysis report.
2. Match the general ledger ending balances with those of the Cost Summary Report.
3. Match the ending balances of the Cost Summary Report with those of the Cost Detail Report.

Match the individual source amounts of the Cost Detail Report to the detail reports in the next
steps.
4. Match additions to cost in the Asset Additions report.
5. Match adjustments to net change in the Cost Adjustment Report.
6. Match retirements to cost retired in the Asset Retirements Report.
7. Match reclasses to cost in the Asset Reclassification Reconciliation Report.
8. Match transfers to cost in the Asset Transfer Reconciliation Report.

Reconciling CIP Cost Accounts


Steps to reconcile CIP cost accounts:
1. In Oracle General Ledger, match the ending balances in the Detail Trial Balance Report with
the ending balances in the Subledger Accounting Account Analysis report..
2. Match the general ledger ending balances with those of the CIP Summary Report.
3. Match the ending balances of the CIP Summary Report with those of the CIP Detail Report.
Match the individual source amounts of the CIP Detail Report to the detail reports in the next
steps.
4. Match additions to CIP cost in the Asset Additions report.
5. Match adjustments to CIP net change in the Cost Adjustment Report.
6. Match retirements to CIP cost retired in the Asset Retirements Report.
7. Match capitalized to CIP cost in the CIP Capitalization Report.
8. Match reclasses to CIP cost in the Asset Reclassification Reconciliation Report.
9. Match transfers to CIP cost in the Asset Transfer Reconciliation Report.
10. Match ending balances to CIP cost in the CIP Asset Report.

Reconciling Reserve Accounts


Steps to reconcile reserve accounts:
1. In Oracle General Ledger, match the ending balances in the Detail Trial BalanceReport with
the ending balances in the Subledger Accounting Account Analysis Report.

2. Match the general ledger ending balances with those of the Reserve Summary Report.
3. Match the ending balances of the Reserve Summary Report with those of the Reserve Detail
Report.
Match the individual source amounts of the Reserve Detail Report to the detail reports in the next
steps.
4. Match additions to accumulated depreciation in the Asset Additions report.
5. Match adjustments to reserve adjustment in the Reserve Adjustments Report.
6. Match retirements to cost retired and NBV retired in the Asset Retirements Report.
7. Match reclasses to accumulated depreciation in the Asset Reclassification Reconciliation
Report.
8. Match depreciation to depreciation amounts in the Account Reconciliation Reserve Ledger
report.
9. Match transfers to accumulated depreciation in the Asset Transfer Reconciliation Report.

Reconciling Depreciation Expense Accounts


In Oracle General Ledger, use the Detail Trial Balance Report to match with the ending balances
for the Subledger Accounting Account Analysis Report.
Use the Journal Entry Reserve Ledger report to match the depreciation balances with the ending
GL depreciation balances.

Tracking and Reconciling Mass Additions


You can use reports to track your mass additions from the time you bring them over from your
accounts payable system to the time you post them into Oracle Assets:
Steps to reconcile Mass Additions:
1. Match asset journal amounts found in your general ledger with those in the Cost Clearing
Reconciliation Report Oracle Assets automatically makes these journal entries for your general
ledger.
2. Match amounts in the Cost Clearing Reconciliation Report with those in the Mass Additions
Posting Report. Adjusting journal entries are necessary for account transfers and cost

adjustments to posted invoice lines.


3. Match amounts in Mass Additions Posting Report with those of the Mass Additions Invoice
Merge Report, Mass Additions Invoice Split Report, Unposted Mass Additions Report and Mass
Additions Delete Report. Oracle Assets posts mass additions with a status of post. You can also
match amounts in the Mass Additions Posting Report with those in Additions by Source Report
and Cost Adjustments By Source Report. The Asset Additions Report includes posted mass
additions as well as manual asset additions.
4. Match amounts in the Mass Additions Invoice Merge Report, Mass Additions Invoice Split
Report, Unposted Mass Additions Report and Mass Additions Delete Report with amounts in the
Mass Additions Create Report. Split, merge, delete, place on hold, or prepare for posting invoice
line items brought over from accounts payable.

Use the Cost Clearing Reconciliation Report to match additions with those found in the
Additions By Source Report.
Use the Cost Clearing Reconciliation Report to match adjustments with those found in the Cost
Adjustment By Source Report.

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