Financial Management - PSFT (MOSC)

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Period 0 Accounting Entry takes header description from last Period 999 journal entry

edited Apr 22, 2020 9:54AM in Financial Management - PSFT (MOSC) 2 commentsAnswered

When closing the year to multiple retained earning accounts each rule closes to Period 999 and an individual journal is created for each rule in the closing group.  These journals all carry an accounting date equal to the last day of the fiscal year.  The next step in the app engine creates a single journal into Period 0 with an accounting date of the first day of the new fiscal year.  This journal will include a header description that comes from the header description of the last journal created in Period 999.  This journal is picking up the JRNL_HEADER.DESCR from

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