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Financial Management - PSFT (MOSC)

Settlement date questions/issues

Nov 9, 2016 11:41AM edited Nov 18, 2016 4:00AM in Financial Management - PSFT (MOSC) 1 commentAnswered

My questions:

What is best practice when a company does not need to use settlement date?
How do we fix journal generated journals?
How does reporting handle the settlement dates? We rely on nvision reports, and we have now had entries happen to closed periods. If we rerun the reports, I suspect the values will change based on the ledger entries with date code 1 or 2 in closed periods.

Some background:

We do not have a need to use settlement dates.
However, we have to map them on our accounting entry definitions.
We occasionally get out of balance journal generated journal entries. This happens with some custom interfaces and it has happened with AM entries because of some missing configuration within AM.

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