Why are assets showing up on Discrepancy Report

Why are assets showing up on the Discrepancy Report?

Fixed/Capital Assets

• Active assets appear on the report when the sum of the general ledger postings made to type 1 accounts does not do not equal the asset acquisition cost, or when the sum of postings to type 6 accounts do not equal the life-to-date depreciation for the asset.
• Retired assets appear on the current year report when the net total of general ledger transactions to either type 1 accounts, or type 6 accounts does not equal zero.

If you have questions on how to resolve a discrepancy on this report, contact Munis Financial Equipment Support