I entered the opening fixed assets from FA Journals( as it was suggested in online help and by this forum)
I entered two enteries for each fixed assets(1. Acquisition cost 2. depreciation(accumulated))
FA No. FA posting type Amount
Building acquisition cost 100000
Building depreciation -10000
Car acquisition cost 200000
Car depreciaton -20000
Prior to entering these balances I did Fixed assets setup, in which I mentioned acquistion cost account, accumulated dep a/c, depreciation expense a/c
and all other pre-requisites related to fixed assets setup.
After posting the FA Journals
I checked the each Fixed assets.
In fixed assets , it was showing
Building book value( 90000) i.e. acquistion cost-accumulated depreciation
car book value(180000) i.e. acquistion cost-accumulated depreciation
It was fine.
But my problem is, that, Since it is the opening balance of fixed assets, this must be reflected in chart of accounts also.
But these opening balances are not reflecting in chart of accounts.
But when I am seeing the Fixed assets report(Posting Group-net change), It is showing all the accounts(of chart of accounts), which are debited and credited Through FA Journals posting.
i.e. three entries for each assets are showing in this report
11010 Land and building 100000
11020 accum. depreciation 10000
20050 depreciation expense 10000
So, Why the same is not reflecting in chart of accounts
Can anybody help me.