Reconciling gl primary book and reporting book

[benny]

Hi,

This is an issue which was given by our senior. The steps to reproduce the issue is as follows,

1,Create AP invoice for fixed asset use asset clearing account.
2,run mass addition report or create the asset .
3,AP transfer to GL
4,run journal entry in FA module.
5,do reconcilition both GL primary book and reporting book
6,we find the balance at asset clearing account in reporting book.

what I understoof is that he has done Mass additions.My doubt is can anyone please explain how do we reconcile both the GL primary and Reporting books and what could be the reason for the balance in the Asset clearing account.

Thanks,[:p]
Al.

[Murthyoracle]

Hi folks,
Can anyone share their ideas on this issue.

[kkmundhra]

Hi Benny

If any mass additions have not been transferred to Fixed assets then there will be balance in asset clearing account.

Thanks
Karan