How to correct FICA entries belonging to last financial year?

[former_member182585]

Hi,

Users done the fee run on 02.04. 2013 for the year 2012-13 by changing the date manually to 30.03.2013 in T code PIQST00, with the period key. ( periods validity was from 1.4.2012 to 31.03.2013). 

Posting to FI got stuck with the following error. 

Extra Information:

Income posted to FI-GL on system date i.e. 04.04.2013 in financial year 2013-14 though fee calculation was done by using period key Z012 with fee calculation date manually corrected to 30.03.3013.

• Contract Account receivable  shows negative balance as receipt is issued on 30.03.2013 and Student Invoice is generated  on 04.04.2013 this entry in GL looks exceptional entry.
• Student Account displays no open items even though receipt is issued on 30.03.2013 against Student Invoice dated 04.04.2013.Bank balance is updated on 04.04.2014 i.e. on post withdrawal & counter close date.
• Receipt issued on 04.04.2013 with document date, posting date & value date as 30.03.2013. Please note that activities like post withdrawal & cash desk closure were done on 4.4.2013.

Regards

Vinod Kumar

[former_member182585]

In other words:

When we post the fee calculation results, system considers system date as posting date and not the fee calculation date. Is it possible to bypass system data as fee posting date? How to correct the previous entries.

[Former Member]

Vinod,

   If you do that don't you think it will create issue with audit. How will they explain it to auditors.  You have to open and close financial year again. Why can't you post a charge with appropriate description using FKKORD1?

Best Regards,

Prabhat Singh

[former_member182585]

Hi Prabhat,

Could you explain bit more about using FKKORD1. Will it reverse the entries?

Regards

Vinod Kumar

[Former Member]

Vinod,

  I will suggest you to post the difference/adjustment using FKKORD1 in current financial year. if the financial year is still open using FP08 to reverse it.

Regards,

Prabhat Singh