Posting of accounting entry related to Fixed assets

Dear All,
I have an issue as below:
We have implemented ECC 5.00 in oct,06. As part of implementation, asset management also has been implemented.
We have uploaded the asset values properly. At the same time we have posted an accouting entry through OASV to update the GL account balance.
It was observed that Fixed account and accumlated depreciation account has been posted with higher amount.
Value of the assets as per register 100,000
Less Accumulated dep.,                   10,000
Net value as per asset register          90,000
At the same time GL account balance has been posted as below
GL Account(cost of asset) :150,000
Less accumulated dep a/c     60,000
Net value as per B/s              90,000
When we compare asset register and GL balance, we could not find any difference as both are showing 90,000 only.
But when we compare cost of asset account(as per b/s) with value of the asset as per asset register we can found difference amount of 50,000.(150000-100000)
Same situation for Accumulated depreciation also. 50,000 has been posted excessivly.(60000-10000)
Now can some one tell me how to adjust the difference between asset register and b/s.
Is there any way we can get the individual balance sheet accounts to mirror the fixed asset register.
Can i post any adjustment entry through OASV as below
Accumulated dep account dr 50,000
cost of asset a/c                  50,000
Is it suggestble to post an account entry in 2006 as above.
Also let me know is there any side effects?
Thanks in advance
Regards,
Prasad

You can post this entry. This makes your recon perfect. However, it may not be advisable to post in 2006. Please find out from your finance users and try to post in the beginning of 2008, since 2007 must also be closed by now

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My ID: [email protected]
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1)Where does asset clearing account or CIP clearing account picks up in while creating a Purchase order for a fixed asset ?Is it from the item itself while defined or any other place ?
Account gets defaulted from Item if it is there, if not you have to enter manually.But if you have customized your account generator, you have to look at the account generator.
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Cr Liability 100
Dr CIP Clearing Account 100
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Cr CIP Clearing Account 100
Dr CIP Asset Cost Account 100
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Hi All!
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Hi Vijay, thank you for your answer but...
It seems that Transferred Reserves is used to sell a fixed asset and transfer the benefit to other asset (If I've undertood right)
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In 2010 I sold my asset by 1.000 euros. My fixed asset countable net value is 500 euros. So my profit is 500 euros. Then I must to reverse the provision post in 2007 .
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Hi Ocean,
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Any other postings for SAP AM already carried out
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Co Code 1000 , Company 1000(assigned to co code 1000)
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None of them are useful scanned around in the Google, not able to get clue to get the above entry.
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I did a acquisition with vendor through fixed assets add-on but I cannot see the particular invoice when I run the Purchase Analysis report(by Purchase Invoice)?So the report is inaccurate.
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Hi all,
I want to print my purchase order of fixed asset for record purposes. But the thing, I can't link purchase order or any of A/P documents to my fixed asset.
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Edited by: Kevin Lau Sieh Huo on May 20, 2008 7:25 AM

Hi Kevin,
I am afraid to inform you that the print layout function is not
supported for Fixed asset transactions such as acquisition.
As you mentioned, if you want to use it as PO document, you will need to create PO in business one since no integration is realized between Purchasing in business one and acquisition in Fixed asset addon.
If you think this will have critical impact on your business process, please post your requirement in our SAP Business One Product Development Collaboration.
/community [original link is broken]
Please refer to SAP Note 1028874
https://service.sap.com/sap/support/notes/1028874
Regards,
Ivy Zhang
SAP Business One Forums Team

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http://help.sap.com/bp_bl603/BBLibrary/Documentation/183_BB_ConfigGuide_EN_ID.doc
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'Error 1628' Failed to installed is occuring when installing upgrade of Fixed assets to PL100.

Dear Lisa，
In order to try to resolve the issue, please do the following steps :-
1. Go to Start   > Run   > %temp%, then delete all the files present in
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Posting of accounting entry related to Fixed assets

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