Year Ending Audit Adjustment (Month 13)

Created by Anna Maglinao, Modified on Mon, 2 Feb at 10:49 AM by Anna Maglinao

A2000 ONLINE SUPPORT DEPARTMENT

KNOWLEDGE BASE

DESCRIPTION: This Documentation will help you to gain knowledge on the importance of Month 12 and Month 13 in Year Ending and Year Ending Audit Adjustment.

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Problem Statement: The P&L and Balance Sheet the value does not tally whenever the customer has performed the Year Ending Audit Adjustment.

For instance customer has 3 Year Ending Transaction Listing Entry. In this Case GY 7, GY 8 and GY 9. GY 7 is classified as Year End Posting while GY 8 and GY 9 are classified as Year- End Audit Adjustment.
On the enhanced logic, when the transaction have both the P&L and Retained Earnings entry, then the Month = 13. Simply, if customer performed GY or GY Adjustment the backend data (A21GLTransactionHeader) must be set to 13.
Meanwhile, if the transaction only have 1 of the 2 accounts, P&L or Retained Earnings, then the Month = 12 for backend data (A21GLTransactionHeader) as shown in the image above.
User has the discretion on which account to be adjusted. Bottom line is that the logic mentioned on Items 1-3 should apply.

Result:

The P&L and Balance Sheet should be correct after making sure that the Months are updated accordingly.

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