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Cost Management period clouse

Accepted answer
in Costing 5 comments


Hi Team,

Due to government norms business running out of time for preparing trial balance and balance sheet. But we can see that some offset account which should be knocked off (like - Receiving Inspection Account, Trade Clearing, Trade in Transit account, Deferred COGS etc.) are having balance because some transaction having error so not processed in Receipt and Cost Accounting.

Now issue is that, business passing manual JV to adjust amount and requesting for period closure.

Now as per standard behavior's system not allowing us for period closure because transactions are in error. Please let us know can we pass error transaction and close period so that these error transaction should not impact in future.

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