EGL9.2: Year End Close Process(GL_YC) Creates Unbalanced Journals As It Doesn’t Process Ledger Entries Created By Revaluation Process (Doc ID 2291314.1)

Last updated on SEPTEMBER 26, 2022

Applies to:

Symptoms

Issue:
-------

Year end close process (GL_YC) creates unbalanced journals as it doesn’t process ledger entries created by revaluation process.

Steps to Replicate:
---------------------
1. Set up Closing Rule & Closing Process group
2. Set up Revaluation Step & Revaluation Process group. Include at least 1 expense & 1 revenue account in source chartfields tab.
3. Note the Market rate when source data was entered
4. Enter & post a journal with asset, liability, equity, revenue & expense accounts which shall be processed by the YE close process.
    Make sure to enter few foreign currency rows using the P/L accounts used in revaluation step. Those rows would be source data for revaluation process.
5. Change market rate before revaluation
6. Run Revaluation process
7. Run Closing trial balance report & capture the result.
8. Request to run Year end close using GL_YC
9. Check the journal created by closing process.
10. Run Closing trial balance report & capture the result.

Please see replication screenshots for more details.

Actual Behavior:
------------------

Closing process creates unbalanced journals for 999 period.

Expected Behavior:
-------------------

closing process shouldn't create unbalanced journal

Cause

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.