How can we Delete the Duplicate AUC or reverse AUC Valueswith out hiting GL

[Former Member]

Hi,

we have the Dulicate AUC which are having Duplicate AUC asset balances.

We have been excluding the AUC assets when we run reports ever since in order to tie out to GL. It would be best if we can either reverse them out or load some offsetting balances without making any postings to GL.

I'd like to clear it up though, so we don't need to modify the reports to agree with GL.

Thanks and Regards,

T.Harish Kumar

[Former Member]

Harish,

As others said, its not possible to reverse/Delete the duplicate AUC postings. But I can suggest you a way to get your subledger tie-out to your Ledger balance.

First, reverse your duplicate AUC postings. The entry posted will be Debit Gain/loss account and Credit AUC asset account

Secondly, using OAMK set the AUC GL account to blank and post entries to the GL account alone. The entry should be Debit AUC GL account (not the asset account) and Credit Gain/loss account.

Finally, again go to OAMK and reset the AUC GL account. Then check the ledger balances to the subledger. It should tie-out.

Also, please be careful if you have to make any settings in your system before posting the 2nd entry.

Regards,

Vinod

[Former Member]

Hi Vinod,

Thanks for reply

is their any option to reverse or post offsetting entries with out hitting GL,why because these assets and postings belongs to 2008 and fiscal closed for 2009 also,

is thier any solution to delete the AUC with out postings in 2012

Thanks and regards,

T.Harish kumar

[Former Member]

hi

there is no way.

you can try with completely depreciate that asset and check

[Former Member]

Hi,

Thanks for quick reply

my client is asking either we can revers or post offsetting entries with out hitting gl,could u please tell me to reverse the Duplicate AUC with having balances

Regards,

T.Harish Kumar

[Former Member]

hi

try with AB08 transaction.