Reconcile the selected asset book, posted depreciation and dependent close tasks before sign-off.
Accountant reconciles the asset register and selected Book or Tax valuation. Review category, in-service date, residual value and method before calculating the period.
Accountant prepares any capitalization, impairment, transfer or disposal event. Finance Manager approves the current event before it is posted. Retain the affected asset book and resulting journal link.
Accountant calculates the run for the correct entity, period and book. Review per-asset charges and resulting values before posting; calculated amounts remain distinct from charges already recorded.
Accountant attaches reconciliation evidence to close tasks and follows prerequisite dependencies. Resolve any correction that changes the evidence before marking the affected task complete.
Finance Manager reviews the required tasks and sign-off evidence before moving the period through soft close to hard close. An unresolved prerequisite requires a decision or completed work under the agreed close policy.
And how to keep it from happening.
Start free, then use Proto to change fields, steps and approvals before your team goes live.