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GL > Posting a Journal In Prior FinancialYear

edited Jan 30, 2019 4:30PM in General Ledger & Intercompany 3 comments

Content

What would be impact of posting  a journal in prior FY?

One impact could be on Retained Earnings Account- because year end process would have posted balances (net profit/loss)to retained earnings account and zeroed out the PnL accounts ?

If there is a dire need to post journal in previous FY, what is the procedure ?(possible scenario: we go-live but still historic GL data migration is not complete)

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