Correcting the associated transactions in the posted sub-ledger

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Posted on by ahmed.kimo

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Hi ,

We have posted a bank transactions and the bank was associated with particular Ledger account , after that users has changed the association to another account , Is there any way to reflect this changes in the posted transactions ?

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MATTGUO 22,349 Moderator on at

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Hi Ahmed,

The change of the association account will not affect the posted transaction.

They should close the old account and manually transfer the balance to new account.

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SouravDam 11,730 on at

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Hello ahmed.kimo,

Hope this is not a frequent practice to change the main account for Bank subledger!

As MATTGUO explained; this change will not reflect in the posted transaction. And in that case, you have to manually pass an adjustment entry.

Appreciate if you kindly explain in which scenario you are changing the main account for bank when some transactions are already posted before in the same account with the bank subledger.

Best regards,
Sourav Dam

Kindly mark this thread 'Yes' if this is answered your query which may help other community members in this forum.

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ahmed.kimo 536 on at

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Hi Sourav Dam,

As you know mostly new CFO's the may restructuring the COA for that thank banks positions changed in and the's require to change the account numbers based on the new positions .

I was looking for change that can let the customer implement the new COA changes as well as the posted transactions but currently the old bank account number shows another name (Cash-box for example) in the posted transactions

based on the feedback from you and MATTGUO we will force the customer to accept the changes in the posted transactions.

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Rahul Mohta 21,032 on at

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manual correction is always better.

you don't want multiple issues in reclass if done automatically

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Ludwig Reinhard Microsoft Employee on at

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Hello ahmed.kimo,

The answer to you question is no.

If your CFO need new accounts / bank accounts, create 'fresh' ones or post manual corrections as Rahul mentioned.

Best regards,

Ludwig

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ahmed.kimo 536 on at

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Thanks Gents

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