1. Fixed Assets Implementation Guide
  2. Correcting Fixed Asset Balances

Correcting Fixed Asset Balances

Access the Work With Journal Entries form.

To correct fixed asset balances:

  1. Enter the adjusting journal entry to correct the balance in the general ledger.

  2. Post the adjusting journal entry to the general ledger.

  3. Post the adjusting journal entry to the JD Edwards EnterpriseOne Fixed Assets system.

  4. Void the general ledger entry to return the general ledger to the correct balance.

  5. Post the voided entry to the general ledger.

  6. Select Posting G/L to Fixed Assets (G1212), Revise Unposted Entries.

  7. Click Find on the Work With Unposted Entries form to view unposted journal entries.

  8. Select the adjusting journal entry, and select Revise Entries from the Row menu.

  9. Change the Post/Passed Code field to P on the Revise Unposted Entries form to prevent the adjusting journal entry from posting to Fixed Assets again and click OK.