Reported GL balances are not completely moved to Profit Loss GLs as part of End of Year (Doc ID 2638581.1)

Last updated on MARCH 03, 2024

Applies to:

Symptoms

ACTUAL BEHAVIOR
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SYSTEM is reflecting incorrect balances for Accrual GLs for current period of JAN

EXPECTED BEHAVIOR
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Bank expects the GL balances for Accrual GL to be zero on the first working day of new financial cycle FY2020

STEPS
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The issue can be reproduced at will with the following steps:
1. Take back up of balances as of Dec period before executing End of Year
2. Execute End of Year
3. Verify if income and expense balances are completely moved to Profit and Loss GLs
4. Verify the balance of Accrual GL if it is zero on first working day of the new financial cycle
5. Execute Internal GL rebuild for Dec period  and verify if there is change of balance

BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, trial balance generated is incorrect having financial impact

Changes

Cause

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