Financial - JDE1 (MOSC)

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Can I update GLG4 to a new account?

edited Dec 12, 2024 1:45PM in Financial - JDE1 (MOSC) 1 commentAnswered ✓

We have more than 10 companies in JDE. One of the companies (base-currency is MXN) have been booking manual journal entries (MJE) to the GLG4 account since inception in 2019. I read documentation that we should not book any MJE to retained earnings (RE) account.

Recommendations I saw so far is to reclass the JE out of the RE account and then re-perform annual close. My questions are:

(a) How about creating a new account and update GLG4 (currently set to 39020)? let the old account be used for MJE?

(b) can this new account contains subsidiary (e.g. 39020.100) since most of the documentation suggests to set up GLG4 with object account only?

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