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Prior Year Adjustment Changed Beginning Balance on Account
Prior Year Adjustment Changed Beginning Balance on Account
- Knowledge Assistant
Owned by Knowledge Assistant
Jul 02, 2020
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Description of Issue
Why did a journal in period 13 adjust the beginning balance on account?
Context
Account Inquiry
Account Master
Cause
The Closing balances setting in Account Master is set to Carry
Resolution
Financials > General Ledger Menu > Set Up/Chart Of Accounts > Account Master
1. Click Search
2. Enter [Org and Object codes] or [segments] if using long account
3. Accept
If the Closing balances is set to Carry in Account Master the account will carry forward the actual balance from prior year
Additional Information
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