You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Loading to Closing Balance_Input leads to unwanted reversal on Opening Balance Adjustment

in Financial Consolidation and Close 7 comments

Summary:

Loading to FCCS_Closing Balance_Input leads to unwanted reversal on FCCS_Opening Balance Adjustment

Content (please ensure you mask any confidential information):

Hello everyone,

We have a rule where periodic changes from P13 are reversed on FCCS_OpeningBalanceAdjustment because the beginning balance in the budget should match the opening of period P12. This approach has been working fine so far.

However, we are now facing an issue: When loading data into the budget in P3 (which is the first period that is loaded to) using ClosingBalance_Input (all balance sheet values go to ClosingBalance_Input), the system reverses FCCS_OpeningBalanceAdjustment. Previously, we assumed that no reversal happened automatically. If a reversal was intended, we had to load a zero value. But with this recent close, it seems that this behavior has changed.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!