You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Updating Inter-company entries when sent to Closing Balance Input Movement

Received Response
edited Jan 11, 2021 9:01AM in Financial Consolidation and Close 7 comments


Scenario: We are currently sending the closing trial balance values to closing balance input movement.

In March 2020

Closing TB value for Asset Account ABC (Intercompany X) - 1000

In April 2020

Closing TB value for Asset Account ABC (Intercompany Y) - 1000

Since we are sending the closing trial balance to closing balance input movement, we expect the March figure (with Intercompany X) to get reversed in April and the closing value to appear as 1000 with Intercompany Y.

But we noticed that when sending the April entry to closing balance input, the system adds the two entries and provide the closing balance as 2000. 

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!