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Account movement after 20.11 release

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edited Nov 12, 2020 2:51PM in Financial Consolidation and Close 9 comments

Summary

Account movement outside of balance sheet changed drastically in 20.11

Content

The 20.11 update changed how all accounts outside of FCCS_Balance Sheet are calculated.  While it was in the release notes, the impact was definitely not showcased.  The admin guide was updated to state that Time Balance is now a setting that has impact, but only outside of Balance Sheet.  It also states that all Flow accounts will now have an Opening Balance calculated but Balance accounts will not.

 

What the system showed was:

  • Accounts set to Asset and Flow now calculated an opening balance in January
  • Accounts set to Revenue and Flow now calculated an opening balance in January
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