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Balance carry Forward for accrual engine and financial accounting

Former Member
0 Kudos

Hi Team,

We are using accrual engine for recognizing the accruals/deferrals. As part of year end activities, we need to carry forward the balance for accrual engine and for GL,AP,AR.  My doubt is what we have to do first.Balance carry forward of accrual engine or balance carry forward of GL,AP and AR.

Please suggest me.

Thanks And Regards

Gayathri

Accepted Solutions (1)

Accepted Solutions (1)

thomas_vanaken2
Active Participant
0 Kudos

Hello,

The carry forward for the accrual engine has nothing to do with the carry forward for G/L (or AP/AR) so there is little to worry about the one that has to be executed first but anyway, as the accrual engine can be seen as a kind of sub ledger, I suggest to do accrual engine first, G/L second.

Regards

Th.

Former Member
0 Kudos

Hi Thomas,

Thanks for your valuable reply.I have done the carry forward of accrual engine and then finanial accounting.

Regards

Gayathri

Answers (0)