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How to reverse the impact of a journal during year rollforward in FCCS?

edited Mar 10, 2025 11:17AM in Financial Consolidation and Close 1 comment
  1. How can we configure a journal reversal during year rollforward such that impact of journal is reflected only in the opening balance and not closing balance of next year?

For example, if a journal entry of 100 is posted for an account in P12, then in P1 of next year the 100 should be reflected in opening balance only and not closing balance

2. How can we configure a journal reversal during year rollforward such that impact of journal is not reflected in next year

For exampls, if a journal entry of 100 is posted for an account in P12, then in P1 of next year, 100 should not reflect in opening or closing balance. Is there any config other than using auto-reversal journal, which needs to be posted explicitly in next year to generate reversal?

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