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Reversal of retained earnings prior account

edited Mar 10, 2025 3:16PM in Financial Consolidation and Close 5 comments

I understand that Retained Earning Prior->Opening Balance is system calculated account but we would like to not to have an carry forward effect from previous year therefore we are zeroing it out with an opening balance adjustment.

We tried sending reversal amount on RE Prior->OpBalAdj to reverse out impact of RE Prior->OpBal but looks like FCC does not like it and it wipes out Opening Balance Adjustment values (We do not know the reason)?

Problem - After some time (after various data loads via DLR's ), those adjustments disappear and we are required to re-enter them.

Would like to know if we are following the correct approach and if yes, then what is the reason of data wipe off?

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