Relevance of Entry Date for Excise JV

[former_member221515]

Hello Team,

We are facing issue in passing excise JV using tcode J1IH. In fiscal year 2012, for RG23A BED account, there is balance of 50,000 INR as on 31st March 2013. I want to transfer this reverse this amount using excise JV - other Adj on posting date 31st March 2013 because of wrong credit taken.

Today, When we are posting J1IH - other Adj on posting date 31st March 2013, system is showing 'Not Enough Balance'. Also in tcode J1IH -> Other Adj, when we click on 'Balances', fiscal year system show balance as zero. According to me, this is because system is checking opening balance for the RG23A BED account for 2013 fiscal year since entry date is April.

Kindly advise how to resolve this issue.

Note: Our MM period and FI period are opening till 31st March 2013 only.

[Former Member · Accepted solution]

Refer note - 1455103.

You are expected to close the previous financial year and carry forward

all balances to the current financial year and then post J1iH.

Thanks,

Shiva

[former_member221515 · Accepted solution]

But our finance books are not freezed. How we can carry forward balances.

[former_member221515 · Accepted solution]

It is ok to carryforward GL balances even though books of accounts are not freezed. Hence carryforwarding the balances and going ahead.

--

Deepak

[kailas_ugale]

Hi,

As per my knowledge JV using tcode J1IH post as on  system date only i.e in April only , even-though you have open Period March 2013 and closed April period.

you need to Pass JV at G/L Level and check balance in J2I9.

Regards

Kailas