Anyone have experience with the FAM Reports? Our...
# fixed-assets-mgmtc
Chris
10/03/2022, 3:43 PMAnyone have experience with the FAM Reports? Our finance team uses the Asset Summary report, but while the numbers seem right the transfers don't show in a logical way.
We had a transfer from Furniture to Equipment, but it's showing the transfer as positive on the Furniture line and nothing on the Equipment line (it appears to be included under additions).
Is that just how the native reports are meant to operate where they just show the transfer out
Chris
10/03/2022, 3:52 PMIt looks something like this. It seems like it would make more sense to just do pos/negative so you know what's making up the balance.
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Karina
10/03/2022, 3:55 PMthey show as any accountant would đŸ™‚ - beginning balance, activity, ending balance. this is great for auditors, that’s what they want to see. If you need something like, just create it
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Chris
10/03/2022, 3:58 PMok I'll let the accounting team know they were the ones asking about why Transfers isn't shown as negative.
Chris
10/03/2022, 3:59 PMThey just need to know transfers are always seen as a reduction and any transfer in will be added via the additions column
Chris
10/03/2022, 4:01 PMThey wanted the transfer column to net to 0, but I guess it makes sense that it doesn't because it's actually showing the activity that occurred.
Here is what they want to see
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Karina
10/03/2022, 4:04 PMyeah, different logic, I do not think your logic is possible without the script
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Chris
10/03/2022, 4:04 PMOk thank you.
Chris
10/03/2022, 4:05 PMThat is what I was telling them, but I just wanted to double check since we haven't done too much with FAM and I know you can customize some of the reports.
k
Karina
10/03/2022, 4:06 PMFAM reports are more rigid if you will, not as friendly as the regular ones
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Chris
10/06/2022, 2:41 PMHi @Karina
I explained how this is the default logic from NS and they were wondering why is NS inconsistent? Why show transfers in as an addition, but not show transfers out as a disposal?
"An addition can only occur once, when the asset is acquired, you don't have another addition if you move the asset to another account. Yet the transfers are incorrectly showing, as a duplicate, in the Fixed Assets additions report which the auditors use for testing, sample, selections, etc."
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