Page 33 - Participant Guide ebook - Unanet GovCon Using General Ledger

Fixed Asset Posting/Unposting

Navigate: Financials > Fixed Assets > Fixed Assets Post

The Fixed Assets Post process provides a means for the GL Poster to run a monthly
depreciation process for depreciable assets that are not retired or sold as well as to
record disposals. The process creates journal transactions to record monthly
depreciation expense and associated accumulative depreciation related to the fixed
assets.
Debit - Depreciation Expenses
Credit - Accumulative Depreciation for various Fixed Assets

Navigate: Financials > Fixed Assets > Fixed Assets Unpost

The Fixed Assets Unpost process provides a means to remove all Journal and
General Ledger transactions generated by a Fixed Asset Post, unmarking the
originating transactions, and making them available to participate in another post
process.

General Ledger Reporting – Balance Sheet

Navigate: Reports > Dashboard > Financials > General Ledger

Balance Sheet - presents balances of all Asset and Liability, and Equity account types
formatted as a Balance Sheet as of a specific Fiscal Period for all accounts that have
charges posted to the General Ledger. The report will display an account tree structure
based on the financial hierarchy established in the Account profile.

Activity 4.3 Run the Balance Sheet
Login as Gloria Gladmin (GL Viewer) – ggladmin / welcome

Activity Steps:
1. Navigate: Reports > Dashboard > Financials > General Ledger > Balance Sheet

2. Run the Balance Sheet with the following criteria to view the results:

• FISCAL PERIOD Posting Fiscal Period
• COMPARISON COLUMN OPTIONS Compare Actuals to Previous Year Actuals

3. Confirm the presentation of Fixed Assets

LESSON 4 FIXED ASSETS
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