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Multi Period Accounting - Partial Case

edited Nov 4, 2020 11:35AM in Payables, Payments & Cash Management 2 comments

Summary

Multi Period Accounting - Partial Case

Content

Business create multi period accounting from 1-Jan to 31-Dec. In middle of the year they would like to change the Cost center assigned to MPA accounting.

1-Jan to 31-Oct  - Cost Center 0000

1-Nov to 31-Dec - Cost Center 0500

till oct 2020 all multiple period accounting are generated. They would like to change Cost center to new one in Nov 2020.

We suggested them to reverse Invoice Line distributions. 

Create two lines:  one line with Old cost center 10000 amount 1jan-31oct ,  2000 amount 1-nov to 31dec.

What is the implication if I suggest above action plan?

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