NetAsset - Asset Balance Subledger Roll Forward Report
Purpose
The asset balance subledger roll forward report uses the asset schedule lines to summarize the beginning and ending asset balance accounts (Gross assets and accumulated depreciation) for each asset type and the roll forward activities associated with those accounts (additions, disposals, transfers, and other activities).
How To
Navigation:
NetAsset > Reports (All or Subledger) > Asset Balance Subledger Roll Forward Report > Run
Filtering:
The report search can be narrowed down by adjusting the filters for subsidiary, department, class, location, asset, accounting period, or date. Once desired filters are set, click preview to view the reconciliation.
Results
Upon running the report the user will see the the following activity information:
- Beginning Balance
- Any schedule line impacts to gross asset value prior to the reporting period selected
- Additions
- Gross: The expected G/L impact to the fixed asset account due to NetAsset Capitalization & NetAsset Build Up Entries
- Accumulated Depreciation: The expected G/L impact to the accumulated depreciation account due to current or future NetAsset Depreciation or NetAsset Capitalization Entries
- Disposals
- The expected G/L impact to the fixed asset and accumulated depreciation account due to NetAsset Disposal Entries
- Transfers
- The expected G/L impact to the fixed asset and accumulated depreciation account due to NetAsset Transfer Entries and Intercompany Journals
- Other
- The expected G/L impact to the fixed asset and accumulated depreciation account due to NetAsset Revaluation Entries
- Ending Balances
- Beginning balances + expected G/L impacts from the reporting period selected
The asset types can be expanded to drill down to the individual asset and underlying schedule line. Select the export button to download report into Excel.
Troubleshooting
Expected Assets not visible in report?
1. Assets with a pending or split status do not appear in report.