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Year-end Carry Forward Entries Created for Both Debit/Credit Values Instead of Net Balance (Doc ID 2655836.1)

Last updated on NOVEMBER 04, 2022

Applies to:

Oracle General Ledger - Version 12.1.2 and later
Information in this document applies to any platform.
Close Process - Create Income Statement Closing Journals
Close Process - Create Balance Sheet Closing Journals


Year-End Close concurrent programs generate carry forward entries for the Debit and Credit. French Accounting Entries Audit files are affected as tax authorities do not accept an entry including an amount at Debit and an amount on Credit. Italian Journal Book may have the same problem.

The requirement is to have only net balances considered in the process and not both Dr/Cr from the beginning.

How to achieve this?


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