Posting in Closed Year - BCS

[Former Member]

Hello All,

We have done some posting for FS item of Retained Earning in the period 12 fiscal year 2012 with Document Type A1 - Manual Adjustments - Reversing.

Doc Type	Description	Posting Level	Reversing?	Curr	Validation?	Type
A1	Manual Adjustments - Reversing	10	Yes	LC	No	Manual

Because of this posting our opening balance of Retained earning account (fiscal year 2013) is not matching with previous fiscal year 2012.

There is some difference we are getting in BI reporting.

We are having more than one company code. For other company code we are not facing the issue as the posting made document type A1 is getting reconciled in the same year.

Please guide us with a way to Reverse the posting in the closed fiscal year or other possible way for above scenario.

It is bit urgent. Your support in this regards is highly appreciable.

Regards,

[dan_sullivan]

After the posting in period 12 2012 did you execute the balance carry forward in period 1 2013? That may be the reason for the out-of-balance.

Is there a reason you do not open period 12 2012 and simply reverse the entry? If so please explain the reason.

[Former Member]

Hi Dan,

Thanks for your input.

With the document type A1 - manual adjustment - reversing. we have posted explicit y in BCS only.

1 posting in the period 12, 2012

1 posting in the period 1 2013.

Will there be any impact if we open fiscal year 2012 and post revering document in year 2012?

Thanks &  Regards,

Patel

[dan_sullivan]

The impact is that the out-of-balance condition should no longer exist.

Keep in mind that the consolidation may be necessary depending on the entry being reversed. And, the balance carry forwards as well as any consolidation in 2013 may also have to be re-executed.

[Former Member]

Hi Dan,

Is it possible that we can use Period Initialization Task for reversing the document posted in previous closed period 12 of fiscal year 2012.

If yes what are the per-requisites for Period Initialization Task.

Please share the end to end process for Period Initialization Task.

Regards,

[dan_sullivan]

Period initialization will inverse documents in period 001 all documents of period 012 with a document types defined for "automatic inversion also in new fiscal year".

If such documents exist, create the task and include the task in the task hierarchy as the first task after balance carry forward.