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Period Initialization.

When the 'Period Initiazation' is executed do we normally required to reverse the ' IC elimination of expense/revenue' of previous months?

yes, it depends on setting of the DT. But the question is whether this IC elimination of expense/revenue, dividend need to be reversed or not with in same year.

replied

I try to give an example:

In period 001, posting level 00 I/C revenues are credit of 110. The I/C elimination at posting level 20 is debit of 110.

In period 002 the cumulative posting level 00 I/C revenues are credit of 200.

Because there is already a posting level 20 record for debit of 110 (no inversion occurred), the I/C elimination for period 002, at posting level 20 is debit of 90.

I hope this helps, but feel free to aks more questions otherwise.

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