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Hello, has anyone upgraded to Cloud version and then reopened a prior year?   We have gone from Apps9 to 24R1.2 and after reopening 2024 year and entering some reclass vouchers, the “clear revenue/cost balance” job is not finding the amounts to clear.   I’m then left with a balance in this section of accounts.  When I try to run the job I get this message:

If I performed the exact same steps in Apps9 there were no issues. We are also testing service update 12 and same scenario.   I’ve logged a case with IFS but wanted to ask the community as well.  ​@Nancy Fink  any change in year end process in Cloud that I may be missing?  Thank you.

Hi, 

 

During the YE process, IFS tests for the total balance (Rev-cost). If the total is 0, IFS does not force clearing of individual accounts.   In other words, the balances of P&L accounts (individual balances) can be any number. The true test is the total of all P&L.

In a number of areas in the world, they don’t clear the account balances, they make a simple entry from a P&L account (last year's profit for example) to equity. 

Given the message, it appears you already balance.  If you feel the need to clear every P&L account, you can do that with a journal entry.  Otherwise, from a IFS software perspective, you should be OK for the preliminary year end and follow up with the final year end. 

Thanks Thomas.   It just seems odd in Apps9 the functionality was to clear it within itself (if only P&L was impacted) and now in Cloud it’s not.  We’ve used IFS for over 17 years and now we have to manually create a period 13 entry to clear it, which is a total step backwards.    If not all countries require this, should be a flag on the company set up form to identify it as a requirement or not in my opinion.  Let the company choose whether to drive this or not automatically. Very inconvenient.😞   

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