Logan Consulting provided expert software and business knowledge to a global confection company in order reconcile the client’s fixed asset subledger to their general ledger in Microsoft Dynamics AX.

The Client:

Our client is in the flavor and confections industry as they develop and produce flavors in the areas of beverage, healthcare, and everything in between. The company provides expert market and trend analysis to ensure that their product development is aligned with the customers’ goals. In addition to that, their marketing department provides qualitative research to help companies determine their target audience. Our client is a privately held company headquartered in Illinois. They also have a large global footprint with locations in Canada, UK, Australia, India, and China.

The Opportunity:

Our client’s general ledger could not be reconciled with their fixed asset subledger. Logan Consulting was tasked with reconciling the subledger and general ledger, implementing new controls, and training end users best practices.

The Solution:

Our client selected Logan Consulting as their Microsoft partner to provide support to address and solve this issue. The accounting department at the company and consultants at Logan worked in conjunction to determine the root cause of the issue, reversed erroneous depreciation entries in the general ledger, and also made correcting entries to realign the general ledger and subledger.

The Results:

After many journal entries in both the general ledger and fixed assets modules, the two ledgers were reconciled. Internal controls were implemented to ensure that the ledgers would balance going forward.

  • General ledger and fixed asset subledger in balance
  • Improved accuracy of fixed asset record intel
  • Internal controls implemented
  • Accounting staff trained on best practices and provided with SOPs
  • SOPs with best practices