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

Reversal of opening balance of eliminations with Inactive method not working

in Financial Consolidation and Close

Summary:

Reversal of opening balance of eliminations with Inactive method not working

Content (please ensure you mask any confidential information):

Hi Experts,

We have enabled EOBP and with that we are testing the reversal of elimination (opening balances).

For e.g. Entity A was having share capital balance in Mar of 1000 and it was getting eliminated through Config consolidation rule. Now in April we changed the method of this entity to inactive. But still that 1000 of reversal coming from opening is still getting contributed to parent. System is not reversing the same in current period movement. We tried to write prior period config rule also, with condition of method inactive, but still application is not reversing the opening balance elimination of share capital. Have attached the screenshot of config consol rule.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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