Unable to set up prior year as prior period in Variance Analysis type of reconciliation
SummaryARCS Account Reconciliation varance Analysis
We have a requirement to set up the variance period as the period of the prior year since client wants to compare the variance between the current period of the year (e.g. Jan 2018) with prior year, same period (e.g. Jan 2017)
To achieve this I have done the following set up :
1. The "prior balance frequency" of the format "variance analysis" is set up as "Annually"
2.Both The "Period" and the associated profile/reconciliation are set up as "Annual" to ensure no conflict.
3. Reconciliations are created for both the periods (Jan 217 and Jan 2018).