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Close and open the GL Period

in General Ledger & Intercompany 1 comment

Summary:

Dear Experts,

We have accounting calendar from Oct to Sep. Balances from Fusion is sent to HFM for Consolidation and reporting purpose, for some reason this integration is not working at the moment.

We would like to know the impact if close the period now and open again after few days for Manual Tax journal entries to be posted.

Couple of queries we had is

  1. How the system will behave if we close and re-open YEC period. How roll-forward will be impacted.
  2. What will happen to Manual JE entries we enter in period after reopening period, will it roll forward as system will already have done roll forward of P&L to Retained Earnings and roll-forward the balance sheet account balances when we closed period.
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