EGL: How Do We Set Up Year End Close to Use A Different Default Value On Balancing ChartFields For Retained Earnings? (Doc ID 1509120.1)

Last updated on NOVEMBER 16, 2016

Applies to:

PeopleSoft Enterprise FIN General Ledger - Version 9 to 9.1 [Release 9]
Information in this document applies to any platform.
*** Checked for Currency on 10 February 2015 ***
*** Checked for Currency on 28 Oct 2016 ***

Goal

Question 1:

Should the undo close process remove all rows for 2011,  period 999 and 2012, period 0?
 
Question 2:

Is the PeopleSoft Year End Close process designed to allow close of all accounts to a single account, or is it required to carry forward balances for all accounts to the same accounts in period 0 of the new year ?
 
Question 3:

Is it possible that our Ledger Group Setup, including the use of CF Inheritance and Intraunit processing could be causing the GLPCLOSE not to close as we have defined for the balancing chartfield in the Default Retained Earnings?

Solution

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