Dear all,
I have questions related to the Year-end close process. When I ran the YEC process and did not turn "Yes" for the button: "Transfer balance sheet dimensions," that meant I did not prefer to transfer for dimensions and only conveyed the account.
But when I checked the Voucher Transaction of the YEC, I observed that the account in retained earnings (balance sheet type) still had the dimension, and others didn't. Can you all explain why this happened?
Thanks!!
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Hi,
Thank you for your response!!
Besides, I would love to know more about how the YEC functions. When I ran the YEC with batch job parameter and I received that the YEC status was processed ERROR in batch job so when I came back and checked the year end close history there nothing to reveal?
So I wanna ask what's issue that causes the YEC run failed?
The configuration of the balance sheet dimensions does not impact the existing balances in the retained earnings ledger accounts. The balances in those accounts are determined solely by the profit and loss dimensions that are defined. Therefore, the retained earnings from the previous year remain unchanged, regardless of whether the 'Transfer balance sheet dimensions' setting is set to No.
What is the current configuration in the 'Transfer profit and loss dimensions' section?
If you choose to 'Close single' but do not provide a financial dimension value, all transactions will be posted to retained earnings with a blank dimension value
Helpp, plz!
André Arnaud de Cal...
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Martin Dráb
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