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Is it feasible to generate Income statement closing journals based on predefined rules

edited Mar 19, 2025 9:00AM in General Ledger & Intercompany

Summary:

We are looking to create a set of rules for the Income Statement Closing Journals process. We have a requirement where we need to close different Funds (secondary balancing segment) to different retained earnings account.

To do that, we need to the run the process multiple times by selecting the required Fund values and corresponding Closing RE account in the parameters.

Is there a way by which we can define rules/ save our run parameters so that the user do not have to enter these each time? Having user enter this manually open up the possibility of manual errors.

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