Accounting Adjustment (ATFA220 - SIGATF)

CONTENTS

01. OVERVIEW

It aims to make the accounting adjustment of the goods inventoried. The goods inventoried must be entered before the next depreciation calculation.

Upon the end of the inventory process, some differences between the real and the estimated values and amount of goods are displayed. The differences raised should be adjusted through this routine.

02. EXAMPLE

Before executing the Accounting Adjustment, you need to register the Inventory (ATFA210). This example is based on an asset worth BRL 10,000.00, as follows:

Depreciation was performed on this asset in the value of BRL 77.96. When issuing the inventory report, the residual value is shown:

However, when we observe the report in this example, we understand that the accounting value of the asset is incorrect for type 01, which should be BRL 9,000.00 instead of BRL 9,922.04. Therefore, we will perform the inventory of this asset by entering its current value as 9000:

After executing the inventory of the assets needed, you must make the accounting adjustment as follows:

1. When you access the Accounting Adjustment (ATFA220), the Inventoried Assets Accounting Adjustment window appears, highlighting the purpose of the routine.

2. Click Parameters and set the accounting adjustment parameters as desired. See below a description of the questions and an example of completion:

1. 1. Convert by?: Enter the conversion criterion to be used, which can be:
      1. 1 - Currency rate on the date of the last calculation (MV_ULTDEPR)
      2. 2 - Currency rate on base date
      3. 3 - Rate entered on the routine questions screen.
   2. Enter Currency 2 Rate?: Rate used for inventory for currency 2, if the "Convert by" question is indicated as answered.
   3. Enter Currency 3 Rate?: Rate used for inventory for currency 3, if the "Convert by" question is indicated as answered.
   4. Enter Currency 4 Rate?: Rate used for inventory for currency 4, if the "Convert by" question is indicated as answered.
   5. Enter Currency 5 Rate?: Rate used for inventory for currency 5, if the "Convert by" question is indicated as answered.
   6. Select Branches?: Enter Yes to select branches or No to use only the branch logged.
   7. From Branch?: Initial branch of the assets to be adjusted. This question is used only if "Select Branches?" is equal to Yes.
   8. To Branch?: Final branch of assets to be adjusted. This question is used only if "Select Branches?" is equal to Yes.
   9. Online Booking?: Enter Yes to book online or No to not book while processing this routine, enabling offline booking.
   10. Display Accounting Entries?: Enter Yes to display accounting entries onscreen, or No not to display it. This question is used only if "Online Booking?" is equal to Yes.
   11. Group Accounting Entry?: Enter Yes to generate grouped accounting entries or No for regular accounting entries. This question is used only if "Online Booking?" is equal to Yes.

3. After setting parameters, click OK.

4. Click Ok to confirm the adjustment execution and wait for the processing of the routine.

After processing the routine, we can check that the asset has been updated:

When we issue the inventory report again, we have the asset's new accounting balance:

03. RELATED SUBJECTS

• Inventory