Financial Management - PSFT (MOSC)

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Question about period 0, is there a way to allocate a period 0 entry on ledger

edited Jul 1, 2014 5:00AM in Financial Management - PSFT (MOSC) 2 commentsAnswered

This should be my last question , I am retiring on Friday.  I have been asked if I can find a solution to a problem we have on a ledger we have created from copying the ACTUALS ledger monthly.  The driver on this ledger call FEDERAL is not the GL Account field it is an account that we have in Chartfield 2.  Therefore we dont have closing rules for that field.

The entries come into this additional ledger with a liability account (carryforward) and the chartfield 2 is unique for the annual amount.  But I want this chartfield 2 to close to the same value that is on the balance sheet for all years in period 0. I cannot close this account since it is a carry forward.  So I thought if there was a way once the annual year closes to period 0 with its unique chartfield 2, that I could allocate that new line to combine with the chartfield 2 from prior years.

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