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EAP: Payment Cancellation and Voucher Close Transactions Incorrectly Generate Rounding Suspense Account (RSA) Entries Instead of IntraUnit Accounting Entries. (Doc ID 2949054.1)

Last updated on MAY 17, 2023

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Goal

The configuration has been updated to inherit the Department Chartfield and to balance by the department.

When an already payment is canceled for an already paid voucher. The payment posting and voucher post process(voucher close process) generates Rounding Suspense Account (RSA) Entries instead of IntraUnit Accounting Entries

Why is the system creating Rounding Suspense Account (RSA)  Accounting Entries for Voucher Closure and Payment Cancellation instead of IntraUnit entries? 

Steps:

1) Update the chartfieled inheritance configuration to always inherit department for the following inheritance groups:
     Payables Header level
     Payables Distrib level

   Set Up Financials/Supply Chain > Common Definitions > Design ChartFields > ChartField Inheritance > Define CF Inheritance Options.

2) On the ledger group definition select balance by Department.
    Main Menu > General Ledger >Ledgers >Define Ledger Group

3) Find an already paid voucher and cancel the voucher using the void payment and do not reissue/close liability.
    Main Menu > Accounts Payable > Payments > Cancel/Void Payments > Payment Cancellation.

4) Run the payment posting process.
    Main Menu > Accounts Payable > Batch Processes > Payment > Payment Posting.

5) Run Voucher posting process.
     Main Menu >  Accounts Payable > Batch Processes > Vouchers > Voucher Posting.

Solution

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In this Document
Goal
Solution
References


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