The report GL Reconciliation is used to ensure that the Assets which have been Added / Disposed in the current period in the GENERAL LEDGER system tallies with the data available in the Assets system.
This report relies on the relationship established between GL accounts and Assets using facility (AS02)
This report would provide for the mismatch between the two systems Assets and Accounts to enable the user to reconcile them.
Normally this would be used to detect
- Assets booked in GL and not absorbed into the Fixed Assets system