NetLease - ROU Net GL to NetLease Reconciliation
Purpose
The ROU Net GL to NetLease Reconciliation report is used to review the right of use asset GL balances per lease. The balances from the "ROU Net Asset per GL" columns should be compared to the "Net ROU per Subledger" column at period-end to ensure all expected transactions and balances per the subledger have been properly reflected in the GL.
How To
Navigation:
NetLease > Reports (All or GL & Recon) > ROU Net GL to NetLease Reconciliation > Run
Filtering:
The report search can be narrowed down by adjusting the filters for account, subsidiary, lease type, department, class, location, period, lease ID. The report will automatically update as filtering options are selected.
Account filter is a mutli-select, ensure only the ROU accounts are selected. (They should be by default).
Results
Upon running the report the user will see the sum of all right of use asset transactions balance per the GL and the NetLease subledger balance by lease. The user would expect the two balances to equal. Select the Export button to download the report into Excel.
Troubleshooting
If the GL does not equal the NetLease Subledger check the following:
1. Have all modification, initial balance, and termination entries been run for the period?
2. Are the right accounts selected?