Reconciliation: What prevents the use of the trial balance on a specific date to compare the respective GL accounts in the accounting software you use, to the closing balances in AssetAccountant ?
(considering mapping is already established via the Asset Groups setup)
The GL account effectively becomes the reconciliation because:
(1) when AA is implemented first it will always be set up to have the same opening balance in AA as in the system (Xero/Sage Intacct/QuickBooks Online, etc.) and then
(2) in the Asset Cost and Depreciation Accounts it is only AA that should be posting journals. This means that any item in the GL that has not been posted by AA is a reconciling item.
AA journals are explicitly labeled as coming from the system if you are posting them to one of our integration partners' GL.
See screenshots below where you can easily see what is and isn't posted by AA.
Journals can be downloaded in CSV format at anytime too:
