Last updated on SEPTEMBER 13, 2017
Applies to:PeopleSoft Enterprise FIN General Ledger - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
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.
Closing process creates unbalanced journals for 999 period.
closing process shouldn't create unbalanced journal
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