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I realize this is an older post. However, my problem is similar. Due to some issues with the imported data into our new Dynamics GP 2010, we have had Interfund turned off since our go live in Sept. We are near to ready to turn it on again, however, we have all the historical transactions that have taken place since Sept that need to be properly balance. Is there a way to process these all at once, or perhaps automate a script to do so, rather than manually journal entries for each instance?
Following are the steps I received from Customer Source to correct my problem, in case anyone is interested. I just completed the steps and it worked perfectly. It is suggested to perform a restorable back up prior to performing the correction.
1. Go to Microsoft Dynamics GP | Tools | Setup | Financial | Interfund Management.
2. Unmark 'Activate Interfund Management' and click Ok.
3. Go to Transaction >> Financial >> General window. Unfortunately, you cannot use the Correct function in this window because you cannot back out entries for interfund transactions hence you will have to just enter a regular journal entry reversing the erroneous journal entry.
4. Post the adjusting entry to reverse the effects of the incorrect JE.
5. Go back to the Interfund Management setup window and make sure you mark 'Activate Interfund Management' again. Some users miss this part and it causes issues so please don't skip this part.
6. Re-enter the Interfund transaction. This should now post correctly and update the proper interfund accounts since you have already resolved the error that caused the issue in the first place.
This should let you correct the journal entry without your reversing entry creating the interfund lines.
Thanks for your response Rubal, but that will not work for me. I cannot post to the interfund accounts because they are clearing accounts. I have a suggested solution via Customer Source. If it works, I will post.
Hi Tracy,
You can manually enter the journal entry using the Transaction Entry window (Transaction >> Financial >> General) for it. You can review the balance of each fund and post the transaction using the Due to Due from accounts specified in the Interfund setup.
Rubal,
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